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Japan's Forex Reserves Increase In July

Japan's foreign exchange reserves increased in July, the latest figures from the Ministry of Finance showed Tuesday.

Total reserve assets amounted to $1.273 trillion at the end of July compared to $1.271 trillion at the end of June.

At the end of last month, Japan's foreign currency reserves stood at $1.20 trillion, up from June's $1.18 trillion. IMF reserves amounted to $15.55 billion. Special Drawing Rights totaled $19.46 billion and gold reserves stood at $39.91 billion.

The Ministry also said that it did not conduct any foreign exchange intervention operations during April-June 2012 period.

by RTTNews Staff Writer

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