Japan reaps record overseas investment earnings, with US making up 26%

Companies profit from American growth, but tariffs spur worries of overdependence

20250507N Yen

Japanese companies have seen record earnings from overseas investments thanks in part to strong economic growth in the U.S. and a weak yen. © Reuters

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TOKYO -- Japanese companies' earnings from overseas investments topped 30 trillion yen ($209 billion) for the first time last year, with U.S. investments accounting for 26% of the total, the most of any country.

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