TOKYO: Japan’s official reserves totalled a record US$604.87bil at end-September, up US$49.78bil from a month earlier, the finance ministry said yesterday.
The chief reason for the jump was a record 4.4573 trillion yen (US$40.16bil) in intervention that Tokyo conducted between Aug 28 and Sept 26 in the currency market to prevent the yen from appreciating further, a ministry official said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!