OTHER NEWS - May 27, 1992

Japan Is Top Creditor Nation Again: After trailing Germany for two years, Japan regained its position as the world’s top creditor nation in 1991, the Finance Ministry said. Japanese government and private holdings of overseas assets at the end of last year outweighed foreign liabilities by $383.07 billion, the largest surplus ever and a 17% increase from the $328.06 billion of 1990. Analysts predicted that plummeting Japanese stock prices and a weakening economy would lead to liquidation of some overseas assets to cover debts at home. But Japanese foreign assets rose.