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Tuesday, August 7, 2007

Japan forex reserves rise to 923.72 billion dollars

Japan's foreign exchange reserves surged to a new record of 923.72 billion US dollars at the ending of July, up from 913.57 billion dollars in June,The previous all-time high was hit in April this year when forex reserves stood at 915.62 billion dollars.

Japan's forex reserves stay the second largest in the world, next to China, whose holdings reached 1.33 trillion dollars at end-June, according to latest available data from China's central bank.At the end of July, Japan's foreign currency reserves totaled 902.54 billion dollars, IMF reserves at 1.57 billion dollars, SDRs at 2.886 billion dollars, gold at 16.373 billion dollars, and other foreign currency belongings at 350 million dollars.

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