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Japan forex reserves rise

07-08-2010 09:44 BJT

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Japan's foreign exchange reserves rose for the 1st time in 2 months in June, according to the country's Ministry of Finance.

The ministry says the figure rose above 1 trillion U.S. dollars at the end of June, with an increase of almost 9 billion from a month earlier.

The ministry says Japan's increased holdings of Treasury and other bonds was triggered by lower U.S. interest rates. It aimed to pare the weakening euro against the U.S. dollar, that threatened to severely dent Japan's euro-denominated assets.

Editor:Xiong Qu |Source: CCTV.com

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