Press "Enter" to skip to content

Japan Slips to Third-Largest Creditor as China Moves Ahead Despite Record External Assets

Tokyo, 26 May 2026 – Japan fell to third place among the world’s largest net creditor nations in 2025, slipping behind China despite posting a record level of net external assets, according to the Finance Ministry.

Net external assets held by Japan’s government, businesses and individuals rose 4.4% from a year earlier to 561.75 trillion yen, or about US$3.53 trillion, marking a new all-time high. However, the increase was not enough to prevent Japan from falling further in the global creditor ranking.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

Author

  • Kenji Yamamoto is a Senior Fellow at The Ledger Asia, where he explores the critical nexus of Asian international relations, economic development, and environmental sustainability. With extensive experience in cross-border policy analysis, Kenji provides a unique perspective on how diplomatic alliances and green energy transitions drive long-term growth across the Asia-Pacific.

    Previously an advisor for regional development banks, he specializes in sustainable infrastructure and the circular economy’s role in modernizing emerging markets. At The Ledger Asia, Kenji’s deep-dive reports help readers navigate the complex balance between rapid industrialization and the global imperative for climate resilience and corporate responsibility.

Latest News