Japan External Assets Hit Record 1,018 T. Yen at End of 2018

Politics Economy

Tokyo, May 24 (Jiji Press)--Overseas assets owned by Japanese public authorities, companies and individuals increased 0.5 pct from a year earlier to total 1,018,038 billion yen at the end of 2018, Finance Minister Taro Aso reported at a cabinet meeting on Friday.

External Japanese assets hit a new record high for the seventh straight year as companies were active in building factories abroad and acquiring overseas businesses.

Of the total, direct investments expanded 3.7 pct to a record 181,704 billion yen, with those in the United States rising to a record 55,634.7 billion yen.

Security investments dropped 2.8 pct to 450,844 billion yen.

Meanwhile, external debts, or foreign investments in Japan, decreased 1.1 pct to 676,482 billion yen, down for the first time in nine years, reflecting falls in Japanese stock prices.

[Copyright The Jiji Press, Ltd.]

Jiji Press