diff --git a/Misc/NEWS b/Misc/NEWS
index b87fb12..31d7c4c 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -10,6 +10,11 @@
 Core and Builtins
 -----------------
 
+- Issue #8923: When a string is encoded to UTF-8 in strict mode, the result is
+  cached into the object. Examples: str.encode(), str.encode('utf-8'),
+  PyUnicode_AsUTF8String() and PyUnicode_AsEncodedString(unicode, "utf-8",
+  NULL).
+
 - Issue #10831: PyUnicode_FromFormat() supports %li, %lli and %zi formats.
 
 - Issue #10829: Refactor PyUnicode_FromFormat(), use the same function to parse
diff --git a/Objects/unicodeobject.c b/Objects/unicodeobject.c
index e4539cd..6801259 100644
--- a/Objects/unicodeobject.c
+++ b/Objects/unicodeobject.c
@@ -1710,17 +1710,21 @@
     }
 
     if (encoding == NULL)
-        return PyUnicode_EncodeUTF8(PyUnicode_AS_UNICODE(unicode),
-                                    PyUnicode_GET_SIZE(unicode),
-                                    errors);
+        return PyUnicode_AsUTF8String(unicode);
 
     /* Shortcuts for common default encodings */
     if (normalize_encoding(encoding, lower, sizeof(lower))) {
         if ((strcmp(lower, "utf-8") == 0) ||
             (strcmp(lower, "utf8") == 0))
-            return PyUnicode_EncodeUTF8(PyUnicode_AS_UNICODE(unicode),
-                                        PyUnicode_GET_SIZE(unicode),
-                                        errors);
+        {
+            if (errors == NULL || strcmp(errors, "strict") == 0) {
+                return PyUnicode_AsUTF8String(unicode);
+            } else {
+                return PyUnicode_EncodeUTF8(PyUnicode_AS_UNICODE(unicode),
+                                            PyUnicode_GET_SIZE(unicode),
+                                            errors);
+            }
+        }
         else if ((strcmp(lower, "latin-1") == 0) ||
                  (strcmp(lower, "latin1") == 0) ||
                  (strcmp(lower, "iso-8859-1") == 0))
@@ -3077,13 +3081,16 @@
 PyObject *
 PyUnicode_AsUTF8String(PyObject *unicode)
 {
+    PyObject *utf8;
     if (!PyUnicode_Check(unicode)) {
         PyErr_BadArgument();
         return NULL;
     }
-    return PyUnicode_EncodeUTF8(PyUnicode_AS_UNICODE(unicode),
-                                PyUnicode_GET_SIZE(unicode),
-                                NULL);
+    utf8 = _PyUnicode_AsDefaultEncodedString(unicode);
+    if (utf8 == NULL)
+        return NULL;
+    Py_INCREF(utf8);
+    return utf8;
 }
 
 /* --- UTF-32 Codec ------------------------------------------------------- */