Japan lost first place
The total amount that all entities must give Germany is $ 3.9 trillion. Japanese Ministry of Finance Instead, it reported that at the end of 2024 their claims were the country $ 3.73 trillion. Thus, despite the increase in the value of debts by 12.9 percent. to a record level Japan She gathered less than Germany. This The first such situation since 1990.
How did Germany overtake Japan?
The Germans jumped to the first place Thanks to the significant surplus on the current turnover account, which in 2024 amounted to 283.2 billion dollarsmainly due to good commercial results. The surplus of Japan at the same time was “only” $ 203 billion. The change also occurred as a result strengthening of the euro towards Jen by 5 percent In 2024, which increased the differences between German and Japanese assets measured in yen. However, the Minister of Finance Kato Kato sees no reason to be concerned about this situation, because, as he says, the increase in assets of the seventh year in a row means that the situation of Japan has not changed significantly. Her foreign assets grew together with his obligations, but the former had a greater increase due to increased foreign investment in the country related to the depreciation (weakness) of Jen.
What about the USA and China?
China took third placetheir claims are worth $ 3.57 trillion. The Middle Kingdom has been gathering assets in other countries for a long time, especially with USA. United States while they record negative balance claims in foreign assets at the level of $ 26 trillion. The US has 36 trillion of claims, but at the same time as much as $ 62 trillion.
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Sources: Bloomberg, Times of India, Reuters