Japan's net external assets hit record 3 tln USD in 2023

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Japan's net external assets hit record 3 tln USD in 2023

STORY: Japan's net external assets hit record 3 tln USD in 2023 SHOOTING TIME: May 28, 2024 DATELINE: May 28, 2024 LENGTH: 0:01:52 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's net external assets rose to a record 471.31 trillion yen (3 trillion U.S. dollars) in 2023, up 12.2 percent from a year earlier, as a weak yen inflated the value of foreign stocks, bonds, and other holdings in yen terms, government data showed Tuesday. With the figure increasing for a sixth straight year, Japan retained its position as the world's largest creditor for the 33rd straight year in yen terms, followed by Germany and China as of the end of 2023, according to the Ministry of Finance. Gross external assets, held by the Japanese government, companies and individual investors, rose 11.1 percent to 1,488.34 trillion yen, while external debt went up 10.6 percent to 1,017.04 trillion yen, the ministry said. The yen was 7.0 percent weaker against the U.S. dollar in

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