A report released by Japan’s Ministry of Finance on Tuesday showed that the foreign reserves increased in April on higher currency reserves and special drawing rights.
The country’s foreign reserve assets increased to $1.250 trillion as of April 30, 2015 from $1.245 trillion at March end. At the end of April 2014, the reserves were at $1.282 trillion.
Foreign currency reserves grew by $4.55 billion and special drawing rights (SDRs) rose by $346 million. IMF reserve position increased by $23 million, while gold fell by $166 million. Other reserve assets rose by $5 million.
Japan’s other foreign currency assets rose to $51.14 billion from $50.97 billion in the previous month. Contingent liabilities in foreign currency fell $4.85 billion at the end of April.
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