Japan’s Ministry of Finance data showed that Japan’s net external assets rose to the second highest level last year, ranking the world’s largest creditor country for the 28th consecutive year. Japan had 351 trillion yen in 2014, the highest record.

According to the Ministry of Finance, as of the end of 2018, the net assets of the Japanese government, enterprises and individuals were 342 trillion yen ($3.10 trillion), a year-on-year increase of 3.7%.

Last year, the second largest creditor country was Germany, with a net worth of 2.35 trillion US dollars; China ranked third.

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