Japan has lost its position as the world’s largest creditor nation for the first time in 34 years, despite posting a record amount of overseas assets.

Japan has lost its status as the world's top creditor nation for the first time in 34 years, despite its overseas assets topping JPY 500T ($3.47T) for the first time ever. Japan's net external assets totaled a record JPY 533.

Japan is no longer the world's top creditor. That title goes to Germany, after Japan slipped from the number-one spot for the first time in 34 years, even with its net overseas assets at a record high.