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2026-09-07 08:34:07
[Japan's foreign exchange reserves fell by a record $79.6 billion in August due to record-scale intervention in the yen] (1) Data from Japan's Ministry of Finance shows that as of the end of August, Japan's foreign exchange reserves fell by a record $79.6 billion to $1.208 trillion, a month-on-month decrease of 6.18%. (2) The main reason for the decline in reserves was a significant reduction in holdings of foreign currency securities, most of which were US Treasury bonds purchased by Japan during its dollar-buying intervention about 20 years ago, accounting for about 70% of foreign exchange reserves. (3) This record decline is directly related to the unprecedented dollar sell-off and yen-buying intervention measures launched by Tokyo last month, aimed at curbing the continued weakness of the yen.
