Japan Still Beating China on One Score: World’s No.1 Creditor
ByJapan’s foreign investments and assets climbed to a record in 2014, keeping it in front of China and Germany as the world’s top creditor nation.
The reading stretches Japan’s lead as No.1 creditor country to 24 years, with 71 percent more in net assets than China, even after its Asian neighbor surpassed it to become the world’s second-largest economy in 2010.
Japan’s net overseas assets grew 13 percent to 366.9 trillion yen ($3 trillion) in 2014, with the exchange rate helping Japan’s overseas assets grow 19 percent to 945.3 trillion yen, according finance ministry datareleased in Tokyo on Friday. Liabilities, mostly driven by higher inbound investment, rose 23 percent to 578.4 trillion yen…
Japan Still Beating China on One Score: World’s No.1 Creditor
