Japan, China are world's top creditors

Japan kept its position as the world’s largest creditor nation for the 22nd straight year last year, government data showed Tuesday, as the dollar’s gains helped inflate the value of overseas assets.

Tokyo was followed by mainland China and Germany in third place in the ranking, which reflects the difference between the value of assets held abroad, including foreign debt and property, minus a nation’s liabilities, such as foreign purchases of its own debt and domestic assets.

via Business feed http://www.scmp.com/business/banking-finance/article/1248098/japan-china-are-worlds-top-creditors