Japanese International Reserves Rise In July

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Japan's international reserves totaled US$1.022 trillion at the end of July, up US$3.48 billion from the previous month, the Ministry of Finance said Friday.

The foreign currency reserves amounted to US$991.9 billion, while the reserves with the IMF totaled US$4.26 billion. Gold reserves were US$23.1 billion, while the SDRs amounted to US$2.97 billion.

In a separate report, the Ministry said the trade surplus for the first 20 days of July stood at JPY 251.2 billion, up from a surplus of JPY 110.3 billion in the corresponding period last year. Exports fell 40.2% year-on-year to JPY 2.9 trillion, while imports dropped 44.1% to JPY 2.65 trillion.

(Market News Provided by RTTNews)