In the first time in 34 years: Japan’s status of the world’s largest creditor has lost its status

Japan for the first time since 1991 has lost the status of the world’s largest lenders, giving way to Germany. It was written by Bloomberg on Tuesday, May 27.

The number of foreign owners belonging to Japanese, household companies and government in 2024 rose 13% and up to 533.05 trillion Yen ($ 3.7 trillion) by the end of the year. The indicator has become a record for the country, but Germany precedes Japan with an indicator of 3.96 trillion dollars.

China takes third place – foreign ownership of the country is estimated to be $ 3.58 trillion.

Increasing the number of possessions of foreign countries in Germany has contributed to a significant excess account of the current operation, which last year reached 248.7 billion euros. In Japan, this indicator reached 29.4 trillion Yen, or 180 billion euros. Meanwhile, Euro’s Euro last year increased by almost 5%.

The Japanese Minister of Japan Katsunobu Kato said the loss of the status of the lender’s largest country was not a cause of fear.

“Due to the fact that Japan’s net foreign assets continue to grow, only the ranking area cannot be a signal that Japan’s situation has changed dramatically,” he said.

Remember that Ukraine and Japan have signed an agreement that provides for the provision of a loan to our country with a volume of up to 471.9 billion Japanese Yen (about $ 3 billion).

Banks widely refused Russians to loans