Japan July foreign reserves at $1.15 trln
TOKYO, Aug 5 (Reuters) - Japan's foreign reserves rose to $1.15 trillion at the end of July, the Ministry of Finance said on Friday, hitting another record high.
Japanese authorities intervened in the currency market on Thursday for the first time since March to curb rises in the yen that threatened to derail the export-reliant economy's recovery from a slump triggered by the March natural disaster.
In March, Japan used a total of 692.5 billion yen in forex exchange intervention when Group of Seven (G7) countries joined it in their first joint intervention in more than a decade after the yen shot to a record 76.25 yen to the dollar.
Last September, the authorities spent about 2.1 trillion yen on intervention, the record for Japanese yen-selling intervention on a single day.
JAPAN OFFICIAL RESERVE ASSETS (in billion dollars)
END-JULY END-JUNE END-MAY YEAR AGO
TOTAL 1,150.877 1,137.809 1,139.524 1,063.513
To view the full tables, go to the MOF website at:
here (Reporting by Kaori Kaneko; Editing by Joseph Radford)
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