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.
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