TOKYO, Sept. 6 Kyodo

According to the report, Japan remained the largest holder of foreign reserves of any country or territory for the 33rd consecutive month.

The previous record was $453.09 billion at the end of July, which followed $446.20 billion at the end of June.

Japan’s foreign exchange reserves hit a new record for the fifth month in a row at the end of August, rising $2.98 billion from a month earlier to $456.07 billion, the Finance Ministry said Friday.

Hong Kong is the world’s fourth largest holder of foreign exchange reserves after Japan, China and Taiwan.

(EDS: ADDING DETAILS)

According to the report, Japan had $371.76 billion in foreign securities in August, up from $369.66 billion in July, and $67.23 billion in foreign currency deposits, up from $66.52 billion.

posted by Administrator at 1:07 pm & filed under Euros |