In 2023, Japan's net external assets surged to a historic 471.3 trillion yen ($3 trillion), marking the sixth consecutive year of growth. This milestone, reported by the Ministry of Finance on Tuesday, underscores Japan's pivotal role in global trade finance, bolstered by a weak yen and strategic overseas corporate acquisitions.
Japan continues to dominate as the world's top creditor nation, with Germany and China following with net external assets of 454.8 trillion yen and 412.7 trillion yen, respectively, as of the end of 2023. This solidifies Japan's influential position in international trade and investment.
The depreciation of the yen, combined with increased direct investments abroad, propelled a significant 51 trillion yen rise in the value of Japan's net external assets. These assets, held by the Japanese government, businesses, and individuals, highlight Japan's substantial impact on global trade dynamics.
Additionally, the Ministry of Finance revised its current account balance data for 2023, revealing a current account surplus of 21.4 trillion yen, up from the preliminary estimate of 20.6 trillion yen. This surplus further emphasizes Japan's strong performance and stability in international trade.
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