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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Japanese foreign exchange reserves slips

Posted on 07 October 2011

Japan’s foreign exchange reserves, the world’s second-largest, totaled $1.2 trillion in September, down from $1.22 trillion in August, the government said.
The Finance Ministry said Friday the 1.5 percent month-to-month decline resulted largely from the euro’s depreciation against the U.S. dollar, due to the European sovereign debt crisis and the falling gold prices……………………………………….Full Article: Source

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