OR Japan lost its position as the largest state -lender in the world, for the first time in 34 years, giving its place to Germanydespite the fact that he recorded a record of assets abroad.
Japan’s net external assets reached 533.05 trillion. yen ($ 3.7 trillion) at the end of 2024, increasing about 13% compared to the previous year, according to figures released today (27.5.2025) by the Treasury. While this percentage marks a historical high, it was exceeded by Germany, whose net external assets amounted to 569.7 trillion. Gen.
China remained in third place with net assets of 516.3 trillion. Gen. Japan began its series at the top surpassing Germany in 1991.
Germany’s rise reflects the significant surplus of its current account balance, which reached € 248.7 billion in 2024 thanks to its strong trade performance. Japan’s surplus in turn was 29.4 trillion. Yen, according to the finance ministry, equivalent to about 180 billion euros.
Last year the euro-yen equality increased about 5%, exaggerating the increase in German assets against Japanese yen.