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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Japan foreign reserves hit record

Posted on 07 December 2011

Japan’s foreign-exchange reserves hit a record in November, the Finance Ministry said Wednesday, after aggressive efforts by the government to weaken the yen through market intervention boosted the country’s dollar holdings.
The country’s foreign-exchange reserves rose $94.88 billion from the previous month to a record $1.305 trillion, the finance ministry said. The amount of increase was also a record………………………………………..Full Article: Source


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