Two of the world’s biggest foreign holders of US government debt offloaded a pile of Treasuries in the third quarter as they rallied before the presidential election.

Japanese Prime Minister Shigeru Ishiba said on Saturday that a face-to-face meeting he had sought with U.S. president-elect Donald Trump would not go ahead. Ishiba told reporters in Lima, Peru, that Trump's camp explained that meetings with world leaders before the inauguration were restricted under the Logan Act.

Chinese President Xi Jinping and Prime Minister Shigeru Ishiba agreed to strengthen communication at all levels during their first meeting since the Japanese leader took office in October.