Japan has lost its position as the world's largest creditor nation for the first time in 34 years, despite a record amount of overseas assets. The Ministry of Finance data released Tuesday revealed this shift.
Japan's net external assets reached ¥533.05 trillion ($3.7 trillion) at the end of 2024, a 13% increase from the previous year. However, Germany surpassed Japan with net external assets totaling ¥569.7 trillion. China remained in third place with ¥516.3 trillion.
This marks a significant change in the global financial landscape. The shift reflects evolving economic strengths and international investments among major economies.