May 27, 2022 04:15 PM (GMT+8) · EqualOcean
Japan's Ministry of Finance announced that by the end of 2021, Japan's net foreign assets from overseas assets minus liabilities had exceeded 400trillion yen for the first time, a record high. The analysis shows that the depreciation of the yen is a major reason for the increase of Japan's external net assets. Due to the depreciation of the yen compared with the end of 2020, the valuation of foreign currency denominated assets held by the Japanese government and enterprises overseas has increased in yen.