http://www.bloomberg.com/news/2010-...s-bernanke-shifts-course-on-fed-stimulus.html "Japanâs Ministry of Finance said Aug. 9 that China bought 1.73 trillion yen ($20.1 billion) more Japanese debt than it sold in the first half of 2010, the fastest pace of purchases in at least five years." âWe didnât sell any European bonds or assets, instead we bought quite a lot.â "The nation cut its holdings of U.S. government debt by $72.2 billion, or 7.7 percent, through May from last yearâs record of $939.9 billion in July 2009, according to the Treasury Department..." "Asian central banks holding some 60 percent of the worldâs foreign-exchange reserves are turning away from the dollar. Concerned about weakening U.S. growth and the Treasuryâs record borrowing, they are switching toward euro assets to safeguard reserves, driving gains in the 16-nation currency. South Korea, Malaysia and India reduced their holdings of Treasuries, U.S. government data show." "Increases to its holdings made between June 2008 and June 2009 amid the global financial crisis were mostly in short-term securities, signaling a âlack of confidenceâ in the U.S. ability to reduce its debt, UBS said in a research note Aug. 9."