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China Overtakes Japan as Second-Largest Creditor Nation in 2025
China surpassed Japan to become the world’s second-largest creditor nation in 2025. Japan recorded a new high in overseas assets but still fell behind China in net creditor position.
May 25, 7:50 PM·1m read1 source
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China became the world’s second-largest creditor nation in 2025, displacing Japan from that ranking. Japan simultaneously reached a record level of overseas assets during the same year.
The shift occurred even as Japan’s total foreign holdings increased to an all-time high. No additional figures on the size of the asset gap or the composition of holdings were provided. The change reflects updated international investment position statistics released for calendar year 2025.
Transparency
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