Economic Buzz: Japans Net External Assets Hit Record 411 T. Yen

27 May 2022 , 11:51 AM

Net external assets owned by governments, companies and individuals in Japan at the end of 2021 increased 15.8 pct from a year before to a record 411,184.1 billion yen, according to the Finance Ministry. The net external assets, or total overseas assets minus external debts, expanded mainly because the value in yen terms of foreign currency-denominated assets swelled owing to the Japanese currencys depreciation. The size of increase was also the largest on record. Japan remained as the worlds largest creditor in terms of net external assets for 31 years in a row. Foreign exchange fluctuations pushed up net external assets by some 62 trillion yen. Powered by Commodity Insights