Japan Forex Reserves Decline In February
Japanese foreign exchange reserves declined in February after hitting a record-high in January, data from the Finance Ministry revealed Wednesday.
Japan's official reserve assets fell to $1.303 trillion at the end of February from a record high of $1.307 trillion in January.
The Ministry has said that it did not conduct market intervention between November 29 and February 27 after spending JPY 9.09 trillion between October 28 and November 28.
At the end of February, the country's foreign currency reserves stood at $1.22 trillion. The International Monetary Fund reserve position was at $16.8 billion, while Spacial Drawing Rights amounted to $20 billion.
Gold reserves rose to $43.54 billion at the end of the month from $42.9 billion at the end of January.
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