Japanese Overseas Assets Soar
Associated Press
TOKYO —
Japan reported today that its net overseas assets soared to a record $180.4 billion at the end of 1986, making it the world’s largest creditor nation for the second consecutive year.
Japan’s holdings, boosted by its huge trade surpluses, were up 38.9% from the $129.8 billion in 1985, said an annual report released by the Finance Ministry. Britain and West Germany, runners-up in 1985, retained their rankings in 1986. Britain reported net external holdings of $163 billion and West Germany, $124.2 billion.
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