Japan loses world's top creditor position for 1st time in 34 years

Japan is no longer the world's top creditor for the first time in 34 years, despite its net external assets rising to a record 533.1 trillion yen ($3.73 trillion) in 2024. Germany has overtaken Japan as the top creditor with 569.7 trillion yen of net external assets as of the end of 2024. China ranked third with 516.3 trillion yen.