International Reserves/Foreign Currency Liquidity

February 5, 2010
Ministry of Finance

Japan's reserve assets totaled $1,053,070 million as of January 31, 2010, up $3,673 million from the end of December.

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					1,053,070
	(1) Foreign currency reserves				1,001,068
		(a) Securities			953,723
				of which: issuer headquartered in Japan	-
		(b) Deposits with			47,345
			(i) Foreign central banks and BIS		6,678
			(ii) Banks headquartered in Japan		12,365
				of which: located abroad	-
			(iii) Banks headquartered outside Japan		28,302
				of which: located in Japan	28,302
	(2) IMF reserve position				4,276
	(3) SDRs				20,787
	(4) Gold				26,533
				(volume [in million fine troy ounces])	(24.60)
	(5) other reserve assets				406
		(a)Financial derivatives			-
		(b)Loans to nonbank nonresidents			-
		(c)Other			406
B. Other foreign currency assets					16,276

(Notes)
B. Other foreign currency assets include loans to The Japan Bank for International Cooperation (JBIC) in total of $ 13,500 million and loans to the IMF in total of $ 2,642 million.

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

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

-100

(a) Short positions(-)

-100

(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

Contingent liabilities in foreign currency

-2,606

-600

-2,006

(a)

Collateral guarantees on debt falling due within 1 year

-2,606

-600

-2,006

(b) Other contingent liabilities

Foreign currency securities issued with embedded options

Undrawn, unconditional credit lines provided by:

(a)

other national monetary authorities, BIS, IMF, and other international organizations

(b)

banks and other financial institutions headquartered in Japan

(c)

banks and other financial institutions headquartered outside Japan

Undrawn, unconditional credit lines provided to:

(a)

other national monetary authorities, BIS, IMF, and other international organizations

(b)

banks and other financial institutions headquartered in Japan

(c)

banks and other financial institutions headquartered outside Japan

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

(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)

(d) securities lent and on repo

2,526

- lent or repoed and included in Section I

-101,847

- 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

104,373

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

(f)

derivatives(forward, futures, or options contracts)that have a residual maturity greater than one year.

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