Japan's Foreign Reserves Fall by Record $80 Billion in August After Yen Intervention
Finance ministry data show reserves dropped to $1.207 trillion from $1.287 trillion in July, according to a report by CNBC.
Japan's official foreign reserves fell by a record $80 billion in August, according to data from the country's finance ministry cited by CNBC.
The ministry's figures showed reserves standing at $1.207 trillion at the end of August, down from $1.287 trillion in July.
CNBC reported that the decline followed intervention by Japanese authorities in the currency market aimed at supporting the yen.
The report did not provide further details on the scale or timing of the intervention, nor did it include additional commentary from officials.
Sources
- Japan's foreign reserves drop by a record $80 billion in August following yen intervention — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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