Japan’s holdings of Treasuries hit a new high since August 2022, Treasury data shows Japan’s holdings of US Treasuries have continued to grow, exceeding $1.15 trillion in January, according to data released by the US Treasury this week. Tokyo has been the largest overseas holder of US debt since June 2019.

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The Japanese government has urged people not to turn off air conditioners as Tokyo experiences the worst June heatwave since records began. Newspaper Asahi Shimbun cited fire officials as saying that 80 people, aged 12 to 96, were hospitalized for suspected heat-related illnesses in Tokyo on Monday. Reports said that 76 more people were hospitalized…