Business News Asia
The Finance Ministry said Wednesday that Japan’s foreign exchange reserves rose in November for the first time in four months as the dollar’s depreciation against the euro and other currencies boosted the value of the country’s foreign assets.
According to a ministry official, Japan’s international reserves rose 2.6% to $1.226 trillion at the end of November, the highest level since December 2016.
Investors eye Japan’s foreign reserves and intervention records for clues on how much Japan could spend to prevent the yen from weakening. Although the recent reversal in the U.S. dollar will ease pressure on the Japanese currency.