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JP Loses Status as World's Largest Creditor Nation for 1st Time in 34 Yrs
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Japan lost its position as the world's largest creditor nation for the first time in 34 years. As of the end of 2024, Japan's net external assets reached a record high of JPY533.05 trillion (approx. US$3.7 trillion), up 13% YoY, primarily due to the JPY depreciation, according to the announcement made by Japanese Ministry of Finance. However, the figure is still below Germany's net assets of JPY569.7 trillion, marking the first time in 34 years that Japan lost its position as the world's largest creditor nation. China ranked third globally with net assets of JPY516.3 trillion. AASTOCKS Financial News Website: www.aastocks.com |
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