Foreign exchange reserves at the end of August, announced by the Ministry of Finance, fell by approximately ¥12 trillion from the end of the previous month to approximately ¥188 trillion, marking a decline for the fourth consecutive month. The decline was attributed in part to currency intervention by the government and the Bank of Japan.
Foreign exchange reserves as of the end of August, released by the Ministry of Finance on 7 September, fell by $79.575 billion from the end of the previous month to approximately $1.207524 trillion (approximately ¥188 trillion). They had declined for four consecutive months through the previous month.
The latest decline was reportedly affected by the yen-buying, dollar-selling currency intervention carried out by the government and the Bank of Japan at the end of July. Details of the individual interventions and their scale are set out in the published materials.
News reports related to this article include coverage by Naigai Times, Reuters, President Online and Maidona News. Multiple media outlets reported on the intervention and the movement in foreign exchange reserves during the same period.