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, despite posting a record amount of overseas assets.
Japan's net external assets reached ¥533.05 trillion ($3.7 trillion) at the end of 2024, rising about 13% from the previous year, according to data released Tuesday by the Ministry of Finance. While the figure marked an all-time high, it was overtaken by Germany, whose net external assets totaled ¥569.7 trillion. China remained in third place with net assets of ¥516.3 trillion.
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