News On Japan

Japan still world's top creditor at end of 2019

May 27 (Japan Times) - Japan remained the world’s largest creditor at the end of 2019, with the net balance of external assets held by its government, companies and individual investors hitting a record ¥364.53 trillion ($3.40 trillion), the Finance Ministry said Tuesday.

The figure, up 6.8 percent from a year earlier and the highest since comparable data became available in 1996, reflected increased direct investments abroad by Japanese firms and a rise in prices of foreign stocks held by domestic investors.

Japan was the world’s largest holder of overseas net assets for the 29th consecutive year, the ministry said.

A ministry official refrained from presenting an outlook for the possible impact of the novel coronavirus pandemic on the 2020 balance.

In the reporting year, Germany had the world’s second-largest net external assets, with ¥299.83 trillion at the end of 2019, followed by China with ¥231.77 trillion. The United States was the biggest net external debt holder with ¥1.199 quadrillion, according to the ministry.

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The Ministry of Agriculture, Forestry, and Fisheries held an emergency meeting to address the rapid outbreak of avian influenza, urging prefectural governments to strengthen hygiene management measures.

Japan is facing a deepening crisis of poverty and inequality, with rising reports of 'invisible homeless' individuals and growing economic hardships among the population. Discussions over reforms to the country's tax and welfare systems have taken center stage, as policymakers grapple with how to provide meaningful support.

A special lighting ceremony was held on November 20th at Ueno Toshogu Shrine, located in Ueno Park, Taito Ward, Tokyo. The event featured a unique lighting design created by renowned lighting designer Motoko Ishii.

A Japanese pharmaceutical company has announced the successful commercialization of fiber made from silk produced by bagworms.

Sales for the Year-End Jumbo Lottery, which offers a combined prize of 1 billion yen for the first prize and adjacent prizes, have officially begun.

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A man with a distinctive snake-like tattoo on his face has been arrested for shoplifting and assaulting a convenience store employee in Tokyo. The suspect, identified as 49-year-old Masakatsu Echizenya, is accused of stealing items from a store around noon on November 15th and violently attacking the employee who confronted him.

Hifumi Kato, affectionately known as 'Hifumin,' has been officially recognized by Guinness World Records for the longest-running chess puzzle column in a magazine.

A male caretaker at Tennoji Zoo in Osaka has been sent to prosecutors on suspicion of stealing vegetables and fruits used as monkey feed.

The operator of a strip theater in Osaka's Tenma district, advertised as "Western Japan's largest," has been arrested alongside nine others for exposing dancers' lower bodies to customers, police announced.

Kumano Nachi Taisha Shrine in Nachikatsuura Town, Wakayama Prefecture, has begun producing traditional calligraphy artwork for next year’s New Year celebrations.

Tokyo Metropolitan Police have arrested five people on suspicion of violating Japan's Employment Security Act. They are believed to have run a nationwide operation to recruit women via social media to work in the sex industry. (NHK)

A human hand was discovered protruding from the ground at a cemetery in Nara City on November 18th, around 1:30 p.m.

Tanikawa Shuntaro -- a renowned Japanese poet who used his keen sense of observation in creating a vast body of work -- has died of old age. He was 92. (NHK)