Reported 6 months ago
Japan's net external assets surged to a record 471.3 trillion yen ($3 trillion) in 2023, marking the sixth consecutive annual increase, driven by a weak yen and overseas corporate acquisitions. This growth solidified Japan's position as the world's leading creditor, surpassing Germany and China. A combination of factors, including a weak yen and increased overseas investments, contributed to a 51 trillion yen rise in Japan's net external assets held by the government, businesses, and individuals. The country's gross external assets stood at 1,488 trillion yen, with external debt at 1,017 trillion yen. Japan also reported a revised current account surplus of 21.4 trillion yen for 2023.
Source: YAHOO