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For the seventh consecutive year, Japan's net external assets have surged to a new record high of 533.1 trillion yen in 2024. However, this impressive growth has not been enough to maintain Japan's position as the world's largest creditor nation, as Germany has now taken the lead, with China following closely in third place. Japan's total external assets have reached an impressive 1,659 trillion yen, while its external debt stands at 1,126 trillion yen. The appreciation of these assets can be attributed to the depreciation of the yen and the active pursuit of overseas mergers and acquisitions by Japanese companies. Furthermore, Japan's current account surplus for 2024 amounted to 29.4 trillion yen, underscoring the country's continued economic strength.
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