Japan’s foreign assets renew record high
Date: May 27, 2014
Source: NHK World
Japan’s net external assets hit the highest level ever in 2013. This came as a weaker yen boosted the value of stocks and bonds held abroad.
Net external assets represent the value of overseas assets owned by Japanese businesses, government and individual investors, minus foreign investments in Japan.
According to the Finance Ministry, Japan’s overseas assets topped 7.8 trillion dollars at the end of last year, up more than 1.3 trillion dollars year-on-year.
Meanwhile, assets held in Japan by foreign investors exceeded 4.6 trillion dollars, up over 1 trillion dollars.
As a result, the net external assets totaled 325 trillion yen, or about 3.2 trillion dollars.
This marks the 3rd straight year of increase, and makes Japan the world’s largest net creditor nation for the 23rd consecutive year.
The ministry officials say that besides the yen’s decline, a rise in direct investments also contributed. These involve Japanese firms buying the stocks of foreign companies through acquisitions and other deals.