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August 26, 2011
Bank of Japan
Japan's external financial assets increased in 2010. While the yen value of foreign currency- denominated assets decreased due to the yen's appreciation, this was more than offset by net purchases of foreign securities by Japanese investors under portfolio investment and increases in securities prices reflecting rising equity prices and declining interest rates.
Japan's external liabilities also increased in 2010, mainly due to net purchases of Japanese securities by foreign investors under portfolio investment and an increase in loans.
Japan's net asset position decreased in 2010 as the increase in external liabilities exceeded that in external financial assets. Net assets stood at 251.5 trillion yen at year-end 2010 after 266.2 trillion yen at year-end 2009 and 225.5 trillion yen at year-end 2008.
Note: Figures for 1995 and after are calculated in accordance with the fifth edition of the Balance of Payments Manual issued by the International Monetary Fund (IMF), while those for years through 1994 are based on the fourth edition.
Outward direct investment (assets) decreased by 0.5 trillion yen or 0.8 percent.
Inward direct investment (liabilities) decreased by 0.9 trillion yen or 5.0 percent.
Outward portfolio investment (assets) increased by 10.5 trillion yen or 4.0 percent.
Inward portfolio investment (liabilities) increased by 10.6 trillion yen or 7.4 percent.
Both financial derivatives assets and liabilities remained more or less unchanged.
Other investment assets increased by 6.1 trillion yen or 4.9 percent.
Other investment liabilities increased by 13.7 trillion yen or 11.2 percent.
Reserve assets decreased by 7.4 trillion yen or 7.7 percent.
Japan's international investment position (IIP) statistics were made public on May 24, 2011, by the Ministry of Finance and the Bank of Japan as the International Investment Position of Japan (End of 2010). The regional breakdown is available on the Bank of Japan's web site.
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International Department, Bank of Japan
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