Not true, it's China. "China’s foreign-exchange reserves now total $2.4 trillion, of which about 70% are thought to be in dollars." http://www.economist.com/bus

Not true, it's China. "China’s foreign-exchange reserves now total $2.4 trillion, of which about 70% are thought to be in dollars." http://www.economist.com/business-finance/economics-focus/displaystory.cfm?story_id=15770808 http://www.economist.com/business-finance/economics-focus/di... http://en.wikipedia.org/wiki/List_of_countries_by_foreign_exchange_reserves http://en.wikipedia.org/wiki/List_of_countries_by_foreign_ex... Edit: Downvoting, seriously? If China has 2.4 trillion foreign currency reserves, 50-70% of which are USD, and Japan has 1.0 trillion foreign currency reserves totally, how can Japan ever be ahead of China? 2nd Edit: http://www.treas.gov/tic/mfh.txt http://www.treas.gov/tic/mfh.txt Seems like CNN/FT.com had it wrong?