Japan’s Foreign Reserve reaches $932.2 billion in August, 2007
Posted on September 8th, 2007 | Blogger Under: General News | Views: 250 times
Japan’s Foreign Reserves at all-time High of $932.2 billion in August: On Friday, the Ministry of Finance announced that Japan’s foreign reserves hit an all-time high of $932.157 at the end of August. This figure was up from $923.718 billion at the end of July, and showed a rise for the third consecutive month. The all-time high was broken for the second month in a row.
Speaking at a news conference after the announcement, new Chief Cabinet Secretary Kaoru Yosano told reporters:
If you try to hit the jackpot or try to surpass average global yields, you can end up losing…If mistakes are made, the aftermath can be harrowing…it is necessary to move gradually while paying attention to the stability of global currency markets.
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