Financial Insights That Matter
Japan’s net external assets reached 533.05 trillion yen (US$3.7 trillion) at the end of 2024, rising about 13 per cent from the previous year, according to data released on Tuesday by the Ministry of Finance in Tokyo.
Germany’s ascent reflects its substantial current account surplus, which reached €248.7 billion (US$283.2 billion) in 2024 thanks largely to a strong trade performance.
Japan’s surplus in turn was 29.4 trillion yen according to the finance ministry, equivalent to around €180 billion.
Last year the euro-yen rate rose around 5 per cent, exaggerating the increase in German assets versus Japanese in yen terms.
For Japan, a weaker yen contributed to increases in both foreign assets and liabilities, but assets grew at a faster pace, driven in part by expanded business investment abroad.
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