japan\s forex reserves hit record high usd 1136 trillion
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Japan\'s forex reserves hit record high USD 1.136 trillion

Arab Today, arab today

Arab Today, arab today Japan\'s forex reserves hit record high USD 1.136 trillion

TOKYO - Arabstoday

Japan\'s foreign exchange reserves hit a new record of USD 1.136 trillion at the end of April for the second straight monthly increase, up USD 19.52 billion from March, the Finance Ministry said Wednesday. The previous record was USD 1.118 trillion logged at the end of October 2010, when Japan bought dollars to stem the yen\'s surge. The growth in Japan\'s reserves was mainly attributed to valuation gains in the government\'s holdings of the euro-dominated assets in the wake of the appreciation of the euro against the US dollar, as foreign reserve value is calculated in dollars, the ministry said. Lower interest rates worldwide, which drove bond prices higher, also inflated Japan\'s foreign reserve assets. Japan\'s foreign exchange reserves consist of securities and deposits denominated in foreign currencies plus the International Monetary Fund (IMF) reserve positions, IMF special drawing rights and gold. As of April 30, foreign currency reserves stood at USD 1.058 trillion, gold at USD 37.78 billion and IMF reserves at USD 18.86 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. On March 18, G-7 nations conducted their first joint intervention since 2000 to aid Japan following the March 11 quake and tsunami as well as accidents at the Fukushima nuclear plant, and Japanese authorities spent JPY 692.5 billion (USD 8.6 billion) for their part. The yen hit a record JPY 76.25 against the dollar before the intervention. Japan is the only country with foreign reserves of more than USD 1 trillion besides China, whose holdings hit a record of USD 3.04 trillion at the end of March, 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*

japan\s forex reserves hit record high usd 1136 trillion japan\s forex reserves hit record high usd 1136 trillion

 



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*

japan\s forex reserves hit record high usd 1136 trillion japan\s forex reserves hit record high usd 1136 trillion

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
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