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Japan not eager to diversify its foreign reserves: Ministry of Finance

May 25, 2007
By Ken Worsley


Last week we reported that Chief Cabinet Secretary Yasuhisa Shiozaki had been pushing for the Ministry of Finance to take a more aggressive path in its management of Japan’s foreign reserves. On Thursday, however, Vice Finance Minister Hideto Fujii told reporters that the Ministry has no ‘particular’ plans in mind when it comes to changing the makeup of the nation’s foreign currency reserves.

So, will Japan not follow in the steps of Russia and China and begin moving dollar-denominated assets into Euros? Or will things come to a showdown?

Filed Under Finance, Foreign reserves 

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