Japan Foreign Reserves Hit 5-Month High
2024-10-07 00:00
By
Jam Kaimo Samonte
1 min. read
Reserve assets in Japan increased to $1.25 trillion in September 2024 from $1.24 trillion in August, hitting the highest level since April.
Total reserve assets were broken down into foreign currency reserves ($1.1 trillion), IMF reserve position ($10,841 million), SDRs ($59,593 million), gold ($71,533 million) and other reserve assets ($15,036 million).
Recent data showed that Japanese authorities spent 5.53 trillion yen to support the currency via intervention in July.
An official report also revealed that Japan spent 9,788.5 billion yen from April 26, 2024 to May 29, 2024 in foreign exchange intervention operations.