Japan lost its position as the world’s top creditor after 34 years, falling behind Germany despite its net external assets reaching a record high of 533.05 trillion yen ($3.7 trillion) last year.
Germany’s net external assets stood at 569.65 trillion yen, maintaining its lead, according to Japan’s finance ministry.
Officials downplayed the ranking change, citing fluctuations in asset prices, debts, and balance of payments as factors.
Japan’s net foreign assets have continued to increase steadily, helped by a weaker yen and expanded overseas business investments.
Mainland China remains third, followed by Hong Kong and Norway in the rankings.
Source: PhilNews24 | May 28, 2025
