Thursday, May 10, 2007

UPDATE 1-Japan foreign reserves hit record high for 3rd mth

(Reuters) - The reserves reached $915.623 billion at the end of April, up $6.665 billion from the March figure of $908.958 billion, the previous record.

A rise in the euro, which boosted the dollar value of Japan's euro-denominated reserve holdings, and a fall in yields overseas that boosted the value of bonds held in Tokyo's reserves also pushed up the reserves, a ministry official said.


Read more at Reuters.com Economic News

No comments: