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Japan JPY

Japan Foreign Exchange Reserves

Info

History

Chart

Impact:

Low

Source: Ministry of Finance, Japan

Latest Release:

Date:

Actual:

$1359.4B

Forecast:

Previous/Revision:

$1347.4B

Period: Nov

Next Release:

Date:

Period: Dec

What Does It Measure?

Japan's foreign exchange reserves measure the total amount of foreign currency deposits and assets held by the Bank of Japan. This indicator primarily focuses on the country’s ability to influence its exchange rate and manage external risks, with key components including foreign currency deposits, bonds, gold reserves, and Special Drawing Rights (SDRs).

Frequency

The data on Japan's foreign exchange reserves is released monthly, typically published in the first week of the following month, providing the latest figures as a preliminary estimate.

Why Do Traders Care?

Traders closely monitor Japan's foreign exchange reserves because changes can significantly affect the value of the Japanese yen (JPY) and influence Japan's monetary policy. An increase in reserves often signals a strong economic position and may lead to bullish sentiment in currency and asset markets, while a decrease could imply economic vulnerability and dampen investor confidence.

What Is It Derived From?

Japan's foreign exchange reserves are derived from the Bank of Japan's calculations based on its holdings of foreign currencies, foreign government bonds, and gold. This includes data from international transactions and market valuations of these assets, assessed on a regular basis to provide an accurate snapshot of reserves.

Description

The foreign exchange reserves act as a crucial buffer against economic shocks, enabling the Bank of Japan to stabilize the yen during periods of volatility. Preliminary reports are particularly significant because they offer timely insights into Japan's economic health, while final reports provide deeper accuracy and a more complete overview of the reserves once any revisions are incorporated.

Additional Notes

This economic indicator is considered a lagging measure, reflecting the past performance of Japan’s economy and its capacity to manage external pressures. Additionally, fluctuations in reserves can be related to broader economic trends, such as trade balances and capital flows, influencing perceptions of Japan’s stability both regionally and globally.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 04, 2025	$1359.4B		$1347.4B
Nov 09, 2025	$1347.4B		$1341.3B
Oct 06, 2025	$1341.3B		$1324.2B
Sep 05, 2025	$1324.2B		$1304.4B
Aug 06, 2025	$1304.4B		$1313.8B
Jul 06, 2025	$1313.8B		$1298.1B
Jun 05, 2025	$1298.1B		$1298.2B
May 08, 2025	$1298.2B		$1272.5B
Apr 06, 2025	$1272.5B		$1253.3B
Mar 06, 2025	$1253.3B		$1240.6B
Feb 06, 2025	$1240.6B		$1230.7B
Jan 09, 2025	$1230.7B		$1239B
Dec 05, 2024	$1239B		$1239B
Nov 07, 2024	$1239B		$1254.9B
Oct 06, 2024	$1254.9B		$1235.7B
Sep 05, 2024	$1235.7B		$1219.1B
Aug 06, 2024	$1219.1B		$1231.5B
Jul 04, 2024	$1231.5B		$1231.6B
Jun 06, 2024	$1231.6B		$1279B
May 08, 2024	$1279B		$1290.6B
Apr 05, 2024	$1290.6B		$1281.5B
Mar 06, 2024	$1281.5B		$1291.8B
Feb 06, 2024	$1291.8B		$1294.6B
Jan 10, 2024	$1294.6B		$1269.7B
Dec 06, 2023	$1269.7B		$1238B
Nov 07, 2023	$1238B		$1237.2B
Oct 05, 2023	$1237.2B		$1251.2B
Sep 06, 2023	$1251.2B		$1253.7B
Aug 06, 2023	$1253.7B		$1247.2B
Jul 06, 2023	$1247.2B		$1254.5B
Jun 06, 2023	$1254.5B		$1265.4B
May 09, 2023	$1265.4B		$1257.1B
Apr 06, 2023	$1257.1B		$1226B
Mar 06, 2023	$1226B		$1250.2B
Feb 06, 2023	$1250.2B		$1227.6B
Jan 10, 2023	$1227.6B		$1226.3B
Dec 06, 2022	$1226.3B		$1194.6B
Nov 07, 2022	$1194.6B		$1238.1B
Oct 06, 2022	$1238.1B		$1292.1B
Sep 06, 2022	$1292.1B		$1323B
Aug 04, 2022	$1323B		$1311.3B
Jul 06, 2022	$1311.3B		$1329.7B
Jun 06, 2022	$1329.7B		$1322.2B
May 10, 2022	$1322.2B		$1356.1B
Apr 06, 2022	$1356.1B		$1384.6B
Mar 06, 2022	$1384.6B		$1385.9B
Feb 06, 2022	$1385.9B		$1405.8B
Jan 10, 2022	$1405.8B		$1405.8B
Dec 06, 2021	$1405.8B		$1404.5B
Nov 07, 2021	$1404.5B		$1409.3B
Oct 06, 2021	$1409.3B		$1424.3B
Sep 06, 2021	$1424.3B		$1386.5B
Aug 05, 2021	$1386.5B		$1376.5B
Jul 06, 2021	$1376.5B		$1387.5B
Jun 06, 2021	$1387.5B		$1378.5B
May 11, 2021	$1378.5B		$1368.5B
Apr 06, 2021	$1368.5B		$1379.4B
Mar 04, 2021	$1379.4B		$1392.1B
Feb 04, 2021	$1392.1B		$1394.7B
Jan 07, 2021	$1394.7B		$1384.6B
Dec 06, 2020	$1384.6B		$1384.4B
Nov 08, 2020	$1384.4B		$1389.8B
Oct 06, 2020	$1389.8B		$1398.5B
Sep 06, 2020	$1398.5B		$1402.5B
Aug 06, 2020	$1402.5B		$1383.2B
Jul 06, 2020	$1383.2B		$1378.2B
Jun 04, 2020	$1378.2B		$1368.6B
May 11, 2020	$1368.6B		$1366.2B
Apr 06, 2020	$1366.2B		$1359B
Mar 05, 2020	$1359B		$1342.3B
Feb 06, 2020	$1342.3B		$1323.8B
Jan 09, 2020	$1323.8B		$1317.3B
Dec 05, 2019	$1317.3B		$1324.5B
Nov 07, 2019	$1324.5B		$1322.6B
Oct 06, 2019	$1322.6B		$1331.6B
Sep 05, 2019	$1331.6B		$1316.5B
Aug 07, 2019	$1316.5B		$1322.3B
Jul 04, 2019	$1322.3B		$1308B
Jun 06, 2019	$1308B		$1293.5B
May 12, 2019	$1293.5B		$1291.8B
Apr 04, 2019	$1291.8B		$1281.8B
Mar 06, 2019	$1281.8B		$1279.3B
Feb 06, 2019	$1279.3B		$1271B
Jan 09, 2019	$1271B		$1258.3B
Dec 06, 2018	$1258.3B	$1253B	$1252.9B	$5.3B
Nov 06, 2018	$1252.9B	$1259.7B	$1259.7B	$-6.8B
Oct 04, 2018	$1259.7B	$1260.9B	$1259.3B	$-1.2B
Sep 07, 2018	$1259.3B	$1257B	$1256.3B	$2.3B
Aug 06, 2018	$1256.3B	$1257B	$1258.7B	$-0.7B
Jul 05, 2018	$1258.7B	$1255.6B	$1254.5B	$3.1B
Jun 06, 2018	$1254.5B	$1259.7B	$1256B	$-5.2B
May 08, 2018	$1256B	$1261.7B	$1268.3B	$-5.7B
Apr 05, 2018	$1268.3B	$1261.4B	$1261.7B	$6.9B
Mar 06, 2018	$1261.7B	$1269.4B	$1268.5B	$-7.7B
Feb 06, 2018	$1268.5B	$1263.3B	$1264.3B	$5.2B
Jan 11, 2018	$1264.3B	$1260.2B	$1261.2B	$4.1B
Dec 06, 2017	$1261.2B	$1259.1B	$1260.9B	$2.1B
Nov 07, 2017	$1260.9B	$1257.8B	$1266.3B	$3.1B
Oct 05, 2017	$1266.3B	$1256.4B	$1268B	$9.9B
Sep 06, 2017	$1268B	$1255.8B	$1260B	$12.2B
Aug 06, 2017	$1260B	$1252.9B	$1249.8B	$7.1B
Jul 06, 2017	$1249.8B	$1253.7B	$1251.9B	$-3.9B
Jun 06, 2017	$1251.9B	$1244.3B	$1242.3B	$7.6B
May 09, 2017	$1242.3B	$1233.3B	$1230.3B	$9B
Apr 06, 2017	$1230.3B	$1232.7B	$1232.3B	$-2.4B
Mar 06, 2017	$1232.3B	$1228.6B	$1231.6B	$3.7B
Feb 07, 2017	$1231.6B	$1211.2B	$1216.9B	$20.4B
Jan 10, 2017	$1216.9B	$1500B	$1219.3B	$-283.1B
Dec 06, 2016	$1219.3B		$1242.8B
Nov 07, 2016	$1242.8B	$2000.8B	$1260.1B	$-758B
Oct 06, 2016	$1260.1B		$1256.1B
Sep 06, 2016	$1256.1B		$1264.8B
Aug 04, 2016	$1264.8B		$1265.4B
Jul 06, 2016	$1265.4B		$1254B
Jun 06, 2016	$1254B		$1262.5B
May 11, 2016	$1262.5B		$1262.1B
Apr 06, 2016	$1262.1B		$1254.1B
Mar 06, 2016	$1254.1B		$1248.1B
Feb 04, 2016	$1248.1B		$1233.2B
Jan 07, 2016	$1233.2B		$1233B
Dec 06, 2015	$1233B		$1244.2B
Nov 08, 2015	$1244.2B		$1248.9B
Oct 07, 2015	$1248.9B		$1244.2B
Sep 07, 2015	$1244.2B		$1242.3B
Aug 07, 2015	$1242.3B		$1242.9B
Jul 07, 2015	$1242.9B		$1245.8B
Jun 05, 2015	$1245.8B		$1250.1B
May 12, 2015	$1250.1B		$1245.3B