Japan Loses Top Creditor Status After 34 Years
TL;DR Summary
Japan lost its position as the world's largest creditor nation for the first time in 34 years, despite reaching a record high in overseas assets, overtaken by Germany due to its substantial current account surplus. Japan's net external assets rose to ¥533.05 trillion ($3.7 trillion) in 2024, but Germany's assets totaled ¥569.7 trillion, reflecting shifts in trade balances and investment patterns. Japanese companies continue to invest abroad, especially in the US and UK, with future trends depending on their ongoing overseas expansion amid global trade policies.
- Japan Loses Top Creditor Status for First Time in 34 Years Bloomberg.com
- Japan net external assets hit record, but surrenders world's top creditor spot Reuters
- Japan loses status as world's top creditor for 1st time in 34 years Nikkei Asia
- For the first time in decades, Japan isn’t the world’s largest lender South China Morning Post
- Japan loses status as world’s top creditor to Germany Inquirer.net
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