Arab Today, arab today japan\s forex reserves down 1st time in three months
Last Updated : GMT 16:39:11
Arab Today, arab today
Arab Today, arab today

Japan\'s forex reserves down 1st time in three months

Arab Today, arab today

Arab Today, arab today Japan\'s forex reserves down 1st time in three months

Tokyo - Kuna

Japan\'s foreign exchange reserves fell for the first time in three months to USD 1.201 trillion at the end of September, down 1.5 percent from the previous month, but remained the world\'s second-largest, the Finance Ministry said Friday. The foreign reserves hit a record of USD 1.219 trillion in August when Tokyo conducted a massive currency market intervention to weaken the yen by purchasing dollars. The drop in foreign exchange reserves, which includes convertible foreign currencies, gold and International Monetary Fund (IMF) special drawing rights, was mainly due to the declining market value of the government\'s holdings of the euro-dominated assets caused by the depreciation of the euro against the dollar, the ministry said. A fall in gold prices also helped deflate Japan\'s reserves. As of September 30, foreign currency reserves stood at USD 1.123 trillion, gold at USD 39.86 billion and IMF reserves at USD 17.29 billion. The reserves are closely monitored for evidence of how Japanese authorities are managing vast foreign currency holdings, as the actions have significant impact on currency exchange rates and global bond markets, particularly in the US government bond market. Japan spent JPY 4.513 trillion (USD 58.8 billion) in an independent operation on August 4 to curb a sharp yen rise, its largest-ever currency intervention on a single-day basis. But The Japanese currency hit a postwar high of JPY 75.95 against dollar on Aug. 19. The Group of Seven (G-7) industrialized nations also conducted on March 18 their first joint intervention since 2000 to aid Japan following the March 11th quake and tsunami as well as accidents at the Fukushima nuclear plant, and Japanese authorities spent JPY 692.5 billion (USD 9.0 billion) for their part. A stronger yen hurts the nation\'s export-led economy, which has been gradually recovering from a slump following the March disaster, as it makes Japanese products more expensive abroad. Japan is the only country with foreign reserves of more than USD one trillion besides China, whose holdings hit a record of USD 3.2 trillion at the end of June, according to the latest comparable data. China has become the world\'s biggest holder of foreign reserves since 2006 by overtaking Japan. Russia came third, followed by Taiwan, Brazil, and India. Higher foreign reserves enable Asian countries and regions to more readily defend the value of their currencies.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s forex reserves down 1st time in three months Arab Today, arab today japan\s forex reserves down 1st time in three months

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s forex reserves down 1st time in three months Arab Today, arab today japan\s forex reserves down 1st time in three months

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday