Economic news

Japan remains the largest creditor country, though its external assets fall

Net external assets of Japan decreased for three consecutive years in 2017 as total foreign debt gains outstripped asset growth, while the Asian state stays at the top of the list of the largest creditor countries for 27 years in a row, today’s data by the Ministry of Finance says.

The assets in the possession of the government, companies and individuals were keeping at 328 trillion yen or $3 trillion net value in late 2017, 2.3% fall compared to the preceding year, according to the ministry.

The country’s net external assets were 1.3 times more than Germany’s, which took the second place, pushing China to the third position, said the ministry.

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