International Reserves/Foreign Currency Liquidity　(as of March 31, 2021)

April 7, 2021

Ministry of Finance

Japan's reserve assets totaled $1,368,465 million as of March 31, 2021, down $10,947 million 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					1,368,465
	(1) Foreign currency reserves				1,287,752
		(a) Securities			1,147,660
				of which: issuer headquartered in Japan	-
		(b) Deposits with			140,092
			(i) Foreign central banks and BIS		139,414
			(ii) Banks headquartered in Japan		578
				of which: located abroad	-
			(iii) Banks headquartered outside Japan		100
				of which: located in Japan	100
	(2) IMF reserve position				14,222
	(3) SDRs				19,895
	(4) Gold				45,995
				(volume [in million fine troy ounces])	(27.20)
	(5) other reserve assets				601
		(a) Financial derivatives			-
		(b) Loans to nonbank nonresidents			-
		(c) Other			601
B. Other foreign currency assets					41,609

(Notes) B. Other foreign currency assets include loans to The Japan Bank for International Cooperation (JBIC) in total of $ 41,581 million.

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

		Total	Maturity breakdown (residual maturity)
		Total	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		30,000	6,000	11,000	13,000
	(a) Short positions(-)	-	-	-	-
	(b) Long positions (+)	30,000	6,000	11,000	13,000
3. Other		-	-	-	-

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

			Total	Maturity breakdown (residual maturity, where applicable)
			Total	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			-5,050	-1,000	-	-4,050
	(a) Collateral guarantees on debt falling due within 1 year		-5,050	-1,000	-	-4,050
	(b) Other contingent liabilities		-	-	-	-
2. Foreign currency securities issued with embedded options			-	-	-	-
3. 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		-	-	-	-
4. 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		-	-	-	-
5. 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		5,707
		- lent or repoed and included in Section I	-198,407
		- 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	204,114
	(e) financial derivative assets(net, marked to market)		1,497
		- forwards	-
		- futures	-
		- swaps	1,497
		- options	-
		- other	-
	(f) derivatives(forward, futures, or options contracts)that have a residual maturity greater than one year.		-
(2) To be disclosed less frequently:
	(a) currency composition of reserves (by groups of currencies)
		- currencies in SDR basket	1,368,018
		- currencies not in SDR basket	447

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. ABF2 is included under item 1.A.(5) See http://asianbondsonline.adb.org

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

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