International Reserves/Foreign Currency Liquidity
(as of February 29, 2008)

March 7, 2008
Ministry of Finance


Japan's reserve assets totaled $1,007,981 million as of February 29, 2008, up $11,937 million from the end of January.

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

 1,007,981
 

(1) Foreign currency reserves

 979,196
 

(a) Securities

 856,769
 

 

 of which: issuer headquartered in Japan -

(b) Deposits with

 122,427

 

(i) Foreign central banks and BIS

 6,113

(ii) Banks headquartered in Japan

 25,766

 

 of which: located abroad -
(iii) Banks headquartered outside Japan 90,548

 

 of which: located in Japan 90,548

(2) IMF reserve position

 1,390

(3) SDRs

 3,115

(4) Gold

 23,901
   

 

 (volume [in million fine troy ounces]) (24.60)
(5) other reserve assets 379
  (a)Financial derivatives -
(b)Loans to nonbank nonresidents -
(c)Other 379

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 positions (+)

-

-

-

-

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
-2,719 -154 -500 -2,065
  (a)  

Collateral guarantees on debt falling due within 1 year
-2,719 -154 -500 -2,065
 

(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
(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 1,635
  - lent or repoed and included in Section I -80,989
- lent or repoed but not included in Section I -
- borrowed or acquired and included in Section I -
- borrowed or acquired but not included in Section I 82,624
(e) financial derivative assets(net, marked to market) 　-
(f)   derivatives(forward, futures, or options contracts)that have a residual maturity greater than one year, which are subject to margin calls.
-
Notes : 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. In Section III, the plus (+) sign is used for inflows and the minus (-) sign for outflows, in accordance with International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template, IMF.
5. ABF1 and ABF2 are included under item 1.A.(5) See http://asianbondsonline.adb.org