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Japan's Foreign Reserves Post Record Decline in August

TOKYO - Japan's foreign exchange reserves fell by a record amount in August, reflecting the impact of currency market intervention by the government and the Bank of Japan at the end of July, the Finance Ministry said on September 7.

Foreign reserves stood at $1.207524 trillion, or about 188 trillion yen, at the end of August, down $79.575 billion, or about 12 trillion yen, from the previous month.

The decline marked the fourth consecutive monthly decrease.

The rate of decline was the largest since comparable records began in April 2000.

The Finance Ministry said the decrease was affected by foreign exchange intervention carried out by the government and the Bank of Japan at the end of July.

Source: テレ東BIZ

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