Sat 05-27-2023 16:07 PM
TOKYO, 27th May 2023 (WAM) — Japan’s net external assets at the end of 2022 rose 0.2 percent from a year earlier to 418,628.5 billion yen, a record for the fourth consecutive year, thanks to a sharp depreciation of the yen, it said. Finance. The Ministry announced.
The dollar stood at 132.1 yen at the end of 2022, which is about 17 yen more than the year before. While the yen’s weakness helped increase Japan’s foreign debt by about 28 trillion yen, it also increased the country’s foreign assets by about 108 trillion yen, Jiji Press reported, citing ministry data.
The balance of external assets held by the government, companies and individuals in Japan rose 6.5 percent to 1,338,236.4 billion yen, increasing for the 14th consecutive year.
Of the total, direct investment rose 17.3 percent to ¥274.749 billion. Investments in securities fell by 8.4 percent to 531.290 billion yen, mainly due to the decline in the prices of foreign securities.
The external debt balance rose 9.6 percent to ¥919,607.9 billion, a record for the fourth consecutive year.
Tariq Al Fahaam / Amjad Saleh