Japan's foreign-exchange reserves hit a record high of $673.53 billion in December, rising by the biggest margin in a single year due to heavy yen-selling intervention in the currency market, the Finance Ministry said Friday.
The reserves grew by $203.80 billion from a year earlier, rising for a fifth consecutive year. Compared with the previous month, the reserves were up $28.96 billion, marking an all-time high for a fourth straight month.
Japan remained the largest holder of foreign reserves of any country or territory for the 49th straight month, the ministry said, citing the latest comparable data.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.