Japan remains world’s top creditor nation in 2011

Japan remained the world’s largest creditor nation in 2011 with a net 253 trillion yen (about 3.19 trillion U.S. dollar) in foreign assets at the end of 2011, said Japanese government on Tuesday.

According to the data released by the Ministry of Finance, the figure slightly increased by 0.6 percent, 1.5 trillion yen more than 2010, for the 21st consecutive year at the top.

Japan’s gross foreign assets was 583 trillion yen, 3.3 percent grow from the previous year.

The Ministry of Finance’s information also said that China is in the second place, followed by Germany.

Xinhua