Japan's net external assets as of the end of last year stood at 533.05 trillion yen ($3.7 trillion), up 12.9 percent from a year earlier, according to data released by the finance ministry.
The government played down the development.
“In light of these points and the fact that Japan's net foreign assets have been steadily increasing, we do not believe that the change in ranking alone should be taken as a sign of a major change in Japan's position,“ Hayashi told reporters.
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, according to the data.
Hence then, the article about japan loses status as world s top creditor was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Japan loses status as world's top creditor )
Also on site :