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Japan’s foreign reserves fall by record $80 billion in August

Japan’s official foreign reserves declined to $1.207 trillion in August from $1.287 trillion in July, according to Finance Ministry data cited by CNBC.

Reported · Written up by our desk · Asia

Japan’s official foreign reserves fell by a record $80 billion in August, after the yen was supported through intervention, CNBC Economy reports. The Finance Ministry data cited by CNBC show reserves ended the month at $1.207 trillion, down from $1.287 trillion in July.

The drop marks the largest monthly decline mentioned in the CNBC report, linking the reserve contraction to yen intervention activity.

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Sources

CNBC EconomyJapan's foreign reserves drop by a record $80 billion in August following yen intervention
CNBC EconomyJapan's foreign reserves drop by a record $80 billion in August following yen intervention

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