Japan's Foreign Reserves Fall by Record $80 Billion in August Following Yen Intervention
Summary
Japan's official foreign reserves decreased by a record $80 billion in August following currency intervention to support the yen.
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Japan's official foreign reserves dropped by a record $80 billion in August following currency market interventions to support the yen, according to data from the country's Ministry of Finance.
The official figures show that Japan's reserves stood at $1.207 trillion, down from $1.287 trillion recorded in July.
Source: CNBC
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