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2026-05-26 08:10:03
[Japan has been overtaken by Germany, losing its title as the world's largest creditor nation for the first time in 34 years] (1) According to the Ministry of Finance of Japan, Japan's net external assets will increase to 561.8 trillion yen (about US$3.5 trillion) by the end of 2025. (2) In the previous year (2024), Japan was overtaken by Germany, losing its title as the world's largest creditor nation for the first time in 34 years; Germany will remain in first place in 2025 with net external assets of 675.5 trillion yen. (3) Net external assets refer to the overseas assets held by residents minus the domestic assets held by foreigners, adjusted for exchange rate fluctuations. This indicator roughly reflects the cumulative current account balance over a period of time.
