Japan's forex reserves stays at 2nd highest level on record

14:09, September 07, 2010      

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Japan's foreign exchange reserves stayed at the second highest level on record, after surging by 6.63 billion U.S. dollars from the previous month to 1,070.15 billion at the end of August, the Finance Ministry said Tuesday.

It was the third consecutive month of growth for the country's reserves, Kyodo News reported. The reserves expanded to a record 1, 073.71 billion dollars in last November. In July the reserves stood at 1,063.51 billion, the second largest level ever.

Japan's foreign currency reserves, ranking second after China's, comprises mainly securities and deposits denominated in foreign currencies, gold, and reserve positions and special drawing rights at the International Monetary Fund.

Source: Xinhua

(Editor:祁澍文)

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