International Reserves/Foreign Currency Liquidity
(as of  March 31, 2002)

 April 5, 2002 
Ministry of Finance


Japan's reserve assets totaled $ 401,518 million as of  March 31, 2002, down $ 1,968  millions from the end of February.

Details on the level and composition of Japan's international reserves/ foreign currency liquidity are provided below.

(in US$ millions)
I. Official reserve assets and other foreign currency assets

A. Official reserve assets

401,518 
 

(1) Foreign currency reserves

385,675
 

(a) Securities

327,576
 

 

 of which: issuer headquartered in Japan

-

(b) Deposits with

58,099

 

(i) Foreign central banks and BIS

5,814

(ii) Banks headquartered in Japan

31,505

 

 of which: located abroad

-
(iii) Banks headquartered outside Japan

20,780

 

 of which: located in Japan

20,780

(2) IMF reserve position

6,125

(3) SDRs

2,303

(4) gold

7,415
      (volume [in million fine troy ounces])

(24.60)

(5) other reserve assets

-

B. Other foreign currency assets

-

II. Predetermined short-term net drains on foreign currency assets
 

Total

Maturity breakdown (residual maturity)

Up to 1 month

More than
1 month and
up to 3 months

More than
3 months and
up to 1 year

1. Foreign currency loans and securities

-

-

-

-
2.  

Aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis Yen

-

-

-

-
 

(a) Short positions(-)

-

-

-

-

(b) Long position (+)

-

-

-

-

3. Other

-

-

-

-

III. Contingent short-term net drains on foreign currency assets
 

Total

Maturity breakdown
(residual maturity, where applicable)

Up to 1 month

More than
1 month and
up to 3 months

More than
3 months and
up to 1 year
1.  

Contingent liabilities in foreign currency

-3,824

-

-1,289

-2,535
  (a)  

Collateral guarantees on debt falling due within 1 year

-3,824

-

-1,289

-2,535
 

(b) Other contingent liabilities

-

-

-

-
2.  

Foreign currency securities issued with embedded options

-

-

-

-
3.  

Undrawn, unconditional credit lines :

-

-

-

-
 

(a) with foreign central banks

-

-

-

-
  (b)  

with banks and other financial institutions headquartered in Japan

-

-

-

-
  (c)  

with banks and other financial institutions headquartered outside Japan

-

-

-

-
4.  

Aggregate short and long positions of options in foreign currencies vis-à-vis Yen

-

-

-

-
 

(a) Short positions

-

-

-

-
 

(i) Bought puts

-

-

-

-
 

(ii) Written calls

-

-

-

-
 

(b) Long positions

-

-

-

-
 

(i) Bought calls

-

-

-

-
 

(ii) Written puts

-

-

-

-
 


 IV. Memo items
(1) To be reported with standard periodicity and timeliness:

-
   (a) short-term domestic currency debt indexed to the exchange rate

-
(b) financial instruments denominated in foreign currency and settled by other means(e.g., in Yen)

-
(c) pledged assets

-
(d) securities lent and on repo

-
(e) financial derivative assets(net, marked to market)

-
(f) derivatives(forwards, futures, or options contracts)that have a residual maturity greater than one year, which are subject to margin calls.

-

(2) To be disclosed less frequently:

 

 

(a) currency composition of reserves (by groups of currencies)

 

 

- currencies in SDR basket

401,401

- currencies not in SDR basket

117

 

 

Note : 1.

Coverage of this template is the monetary authorities and other central government, excluding social security.

2.

Current market exchange rates are used for valuation of non-US dollar denominated assets/liabilities.

3.

Securities and gold reflect marked to market values.

4.

IMF reserve position, SDRs and Gold are included in ‘currencies in SDR basket’ of IV. Memo items.