Japan’s Foreign Reserves Hit a Record High
As of November 30, 2011, Japan’s reserve assets total US$ 1.305 trillion. This is a US$ 94.88 billion increase since the end of October. In November, Japanese authorities intervened in currency markets to prevent the yen from growing too strong. A strong yen negatively affects Japanese exporters by making their products more expensive overseas.
Japan holds US$ 42.96 billion in gold.
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