Published 2 years ago

Japan's foreign reserves drop by record on market shakeout, FX intervention

Summary by Ground News

Japan's foreign reserves fell by a record to $1.238 trillion at the end of September. The government's dollar-selling intervention during the month to arrest a sharp decline in the yen. It was the second straight month of year-on-year decrease in Japans foreign reserves.

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Reuters

Japan's foreign reserves drop by record on market shakeout, FX intervention

Japan's foreign reserves fell by a record $54 billion in September, official data showed on Friday, as global market ructions dented the value of foreign bonds and prompted dollar-selling intervention to arrest a steep decline in the yen.

2 years ago·United Kingdom

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Channel News Asia

Japan's foreign reserves drop by record after dollar-selling intervention

TOKYO : Japan's foreign reserves fell by a record to $1.238 trillion at the end of September as a result of the government's dollar-selling intervention during the month to arrest a sharp decline in the yen, Ministry of Finance data showed on Friday.The amount compared with $1.409 trillion seen a year ago

2 years ago·Singapore

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IBTimes

Japan's Foreign Reserves Drop By Record On Market Shakeout, FX Intervention

2 years ago·United States

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OAN

Japan's foreign reserves drop by record on market shakeout, FX intervention

By Tetsushi KajimotoTOKYO (Reuters) – Japan’s foreign reserves fell by a record $54 billion in September, official data showed on Friday, as global market ructions dented the value of foreign bonds and prompted dollar-selling intervention to arrest a steep decline in the yen.The reserves stood at $1.238 trillion at the end of September, the lowest amount since the end of March 2017, according to the Ministry of Finance data.The data on Japan…

2 years ago·San Diego, United States

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The Japan Times

Japan's foreign reserves see record fall after dollar-selling intervention

Yen-buying, dollar-selling intervention has been rare in Japan, which has long counted on exports of cars and electronics as a key driver of economic growth.

2 years ago·Japan

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Inquirer

Japan’s foreign reserves drop by record after dollar-selling intervention

Japan's foreign reserves fell by a record to $1.238 trillion at the end of September as a result of the government's dollar-selling intervention during the month to arrest a sharp decline in the yen, Ministry of Finance data showed on Friday.

2 years ago·Manila, Philippines

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