Japan July foreign reserves at $1.15 trln

Thu Aug 4, 2011 7:54pm EDT

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 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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