Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Japan Loses Status as World's Top Creditor for First Time in 34 Years
Business Standard
|May 28, 2025
Japan lost its position as the world's largest creditor nation for the first time in 34 years, giving up the title to Germany despite posting a record amount of overseas assets.
Japan's net external assets reached 533.05 trillion yen ($3.7 trillion) at the end of 2024, rising about 13 percent from the previous year, according to data released Tuesday by the Ministry of Finance.
While the figure marked an all-time high, it was overtaken by Germany, whose net external assets totaled 569.7 trillion yen. China stayed in third place with net assets of 516.3 trillion yen. Japan began its streak at the top by overtaking Germany in 1991.
This story is from the May 28, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Rebirth, regeneration and cycles of life
If you loved reading The Shadow Lines (1988) and The Hungry Tide (2004), written by Amitav Ghosh, chances are that his latest novel, Ghost-Eye, will blow your mind.
3 mins
December 20, 2025
Business Standard
Draft coal exchange norms propose strict net worth riders
The coal ministry has proposed stringent eligibility and oversight rules for entities seeking to establish a coal exchange in the country.
1 min
December 20, 2025
Business Standard
Trump signs defence law backing deeper India-US ties, Quad
US President Donald Trump has signed into law an annual defence policy bill that highlights broadening America’s engagement with India, including through the Quad to advance the shared objective of a free and open Indo-Pacific region and address the challenge posed by China.
1 min
December 20, 2025
Business Standard
India-Oman trade agreement opens the door to social security talks
Apart from expanding bilateral trade, the trade agreement signed between India and Oman also includes a provision that will enable the two countries to engage in negotiations on social security matters.
1 min
December 20, 2025
Business Standard
Putin offers no compromise on Ukraine, says EU ‘robbery’ failed
President Vladimir Putin offered no compromise on his terms for ending the war in Ukraine on Friday and accused the European Union of attempting “daylight robbery” of Russian assets.
1 mins
December 20, 2025
Business Standard
Revisiting the idea and project of India
Rather than offer a laundry list of ‘critical reforms in their latest book, A Sixth Of Humanity, Arvind Subramanian and Devesh Kapur identify the necessary conditions that would give India a fair shot at solving the important challenges ahead. An excerpt
5 mins
December 20, 2025
Business Standard
Irdai proposes allowing insurers to invest 20% in debt of public infra SPVs
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed permitting insurers to invest up to 20 percent of their funds in debt instruments issued by public limited special purpose vehicles (SPVs) operating in the infrastructure sector.
1 min
December 20, 2025
Business Standard
IndiGo probe decision taken after initial assessment: CCI
Competition Commission of India Chairperson Ravneet Kaur on Friday said that based on the initial assessment, the fair trade regulator had decided to look into IndiGo operations after recent flight disruptions, which severely impacted passengers across the country.
1 min
December 20, 2025
Business Standard
ICICI Pru AMC becomes most valued stock in capital mkt sector
Stock closes 19% higher post debut; market cap overtakes HDFC AMC
1 mins
December 20, 2025
Business Standard
India a step closer to trade pact with NZ
The Union Cabinet on Friday is learnt to have approved a trade agreement between India and New Zealand, according to people aware of the matter.
1 mins
December 20, 2025
Listen
Translate
Change font size