Japan’s foreign reserves at $970 billion, for fifth straight all-time high

December 9, 2007
By Ken Worsley

On Friday, the Ministry of Finance reported that as of November 30, the value of Japan’s foreign reserves had hit $970 billion, which is yet another all-time high. This is the sixth consecutive monthly increase, and the fifth consecutive all-time high.

Since the end of October, Japan’s reserves have gained $15.7 billion in value, primarily driven by returns in US Treasury bonds. Japan also saw gains in its euro-denominated holdings as the euro rose in value against the dollar.

According to the ministry, Japan held $820.86 billion in foreign securities as of November 30, which was up from $804.84 billion at the end of October. Japan also holds $125.23 billion in foreign currency deposits, $19.28 billion in gold, and $1.40 billion in International Monetary Fund reserve positions.

Filed Under Economic Reports, Foreign reserves, Ministry of Finance