Japan drops to third-largest creditor as China overtakes despite record assets
From the original
Japan's net external assets rose 4.4% to a record 561.75 trillion yen in 2025, but the country fell to third in global creditor rankings as China overtook it, per Finance Ministry data. Summary: Source: Japanese Finance Ministry, IMF-based data Japan's net external assets rose 4.
Related speeches
4 itemsBank of Japan Accounts (April 30)
Lead — The desk views the latest Bank of Japan (BoJ) accounts as indicative of ongoing monetary accommodation and a potential for yen weakness. Per the full note [source], the BoJ's total assets reached approximately ¥663 trillion, with a significant portion allocated to Japanese government securities, which underscores the central bank's commitment to maintaining liquidity in the economy. As the market anticipates upcoming GDP data on May 19, this could further influence trader sentiment towards the yen.
Bank of Japan Accounts (May 10)
Lead — The desk views the latest Bank of Japan (BoJ) accounts as indicative of a continued commitment to monetary easing, which could weigh on the yen. Per the full note [source], the BoJ's total assets stand at approximately ¥661.9 trillion, with significant holdings in Japanese government securities amounting to ¥530.6 trillion. This expansive balance sheet underscores the central bank's ongoing support for the economy, especially ahead of key economic indicators such as GDP growth and trade balance data due later this month.
Bank of Japan Accounts (April 30)
Lead — The desk sees the Bank of Japan's (BoJ) recent asset and liability report as a signal of continued monetary accommodation, which may weigh on the JPY. Per the full note [source], the BoJ's total assets stood at approximately ¥663 trillion, with significant holdings in Japanese government securities and foreign currency assets. This expansive balance sheet reflects the central bank's commitment to supporting economic growth, particularly ahead of key GDP and trade balance data due on May 19. The desk anticipates that these upcoming releases could further influence market sentiment regarding the JPY.
Bank of Japan Accounts (May 10)
The desk anticipates a cautious approach from the Bank of Japan (BoJ) as reflected in their latest asset report, which shows a significant reliance on Japanese government securities and a modest increase in foreign currency assets. Per the full note [source], the BoJ's total assets stand at approximately 661.9 trillion yen, with government securities comprising a substantial 530.6 trillion yen. This positioning suggests that while the BoJ may maintain its accommodative stance, any shifts in global monetary policy could prompt a reevaluation of their asset strategy, particularly ahead of key economic indicators set for release on May 19.
More from INVESTINGLIVE
5 items- INVESTINGLIVEMay 27, 2026
AUD/NZD experiences the largest single-day decline since 2022 on divergent drivers
- INVESTINGLIVEMay 27, 2026
USD/JPY continues to nudge higher in testing Japan's intervention limits
- INVESTINGLIVEMay 26, 2026
TD Securities holds bearish dollar view despite stronger US data and Iran conflict
- INVESTINGLIVEMay 26, 2026
Indian Rupee recovers losses on lower oil prices, but risks remain on prolonged stalemate
- INVESTINGLIVEMay 26, 2026
USD/JPY remains stuck in a tight range amid US-Iran deal optimism and hawkish Fed risk