Japan's net international assets recorded the highest level for five consecutive years. It also maintained its position as the world's largest net creditor nation for 33 consecutive years.
According to the Japanese Ministry of Finance on the 28th, as of the end of last year, the net international assets?calculated by subtracting Japan's external liabilities held by foreign investors from the overseas assets of the Japanese government, companies, and individuals?were valued at 471.3061 trillion yen (approximately 4,085 trillion won).
This represents a 12.2% (51.3 trillion yen) increase from the previous year, marking the highest level for five consecutive years. The depreciation of the yen caused the value of overseas stocks and bonds to increase when converted into yen, expanding the growth compared to previous years. Additionally, overseas business activities of Japanese companies and stock price increases also contributed to the rise, according to the Nihon Keizai Shimbun.
During the same period, external liabilities increased by 10.6% to 1,017.0364 trillion yen, marking an increase for five consecutive years. The valuation expanded by 16.4 trillion yen due to the conversion of foreign currency construction liabilities into yen.
Japan's net international assets ranked first in the world for 33 consecutive years until the end of last year. As of the end of last year, the countries with the next largest net international assets after Japan were Germany (454.8 trillion yen) and China (412.7 trillion yen), respectively.
The United States was the world's largest net debtor nation, with net external liabilities totaling 2,805.2713 trillion yen.
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