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  • Economic Calendar Terms

    JP Foreign reserves, $

    Ministry of Finance
    The Japanese Government
    TOKYO 100-8940

    Official reserve assets comprises foreign currency reserves, IMF reserve position, SDRs and gold. Total of a country's gold holdings and convertible foreign currencies held in its central bank. Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs). A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.