Foreign assets held by Japan top 1,000 trillion yen for 1st time
Jiji -- May 26
The balance of foreign assets held by Japan as of the end of 2017 surpassed 1,000 trillion yen for the first time ever, a government report showed Friday.

The yen-denominated value of assets held by the Japanese government, private-sector companies and individuals abroad went up 2.7 pct from a year earlier to 1,012,431 billion yen, according to the report, which was submitted to the day's cabinet meeting by Finance Minister Taro Aso.

The rise reflected an increase of foreign direct investment by Japanese companies such as plant construction.

Japan's external liabilities, which show the balance of foreign investment in Japan, rose 5.2 pct to 683,984 billion yen, thanks to hikes in Japanese stock prices.

The country's net foreign assets, or assets minus liabilities, fell 2.3 pct to 328,447 billion yen.

News source: Jiji
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