TREE NEWS reports: Japan’s foreign exchange reserves stood at about $1.18 trillion at the end of September, down $29.128 billion from the end of August, the Ministry of Finance said on October 7. It was the fifth consecutive monthly decline in the reserves.
Japan FX Reserves Fall for Fifth Straight Month to $1.18 Trillion
A fifth straight monthly drawdown signals sustained intervention-style outflows rather than routine valuation noise, which matters for anyone tracking official-sector liquidity. The scale of the drop is large enough that it likely reflects active dollar-selling to defend the yen, not just mark-to-market moves on holdings. Whether the drawdown continues is the open question, and it sits alongside the broader read-through for global dollar funding conditions.
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