Japan retains status as top creditor nation | Bangkok Post: news

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Japan retains status as top creditor nation

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Japan kept its position as the world's largest creditor nation for the 22nd straight year in 2012, government data showed Tuesday, as the dollar's gains helped inflate the value of overseas assets. 

Japan kept its position as the world's largest creditor nation for the 22nd straight year in 2012, government data showed Tuesday, as the dollar's gains helped inflate the value of overseas assets.

Tokyo was followed by mainland China and Germany in third place in the ranking, which reflects the difference between the value of assets held abroad, including foreign debt and property, minus a nation's liabilities, such as foreign purchases of its own debt and domestic assets.

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