Japan loses status as world's top creditor for 1st time in 34 years

Japan loses status as world's top creditor

TOKYO, Japan — Japan has lost its position as the world’s top creditor after 34 years, falling behind Germany, even as its net external assets last year hit a record high, officials said Tuesday. Japan’s net external assets as of the end of last year stood at 533.05 trillion yen ($3.7 trillion), up 12.9 percent from

Japan loses top creditor status for first time in 34 years

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Japan loses world's top creditor status to Germany

Japan is no longer the world's top creditor. That title goes to Germany, after Japan slipped from the number-one spot for the first time in 34 years, even with its net overseas assets at a record high.

Japan Loses Top Creditor Status for First Time in 34 Years

Japan lost its position as the world’s largest creditor nation for the first time in 34 years, giving up the title to Germany despite posting a record amount of overseas assets.

Japan net external assets hit record, but surrenders world's top creditor spot

Japan's net external assets rose to a record 533.1 trillion yen ($3.73 trillion) in 2024, the Ministry of Finance said on Tuesday, rising for a seventh straight year thanks to a weak yen and strong appetite for overseas corporate acquisitions.

The devaluation of iron has increased the value of Japan's external assets, boosting the net investment position of 533 billion yen, but still below the 3.5 billion euros in German.