International Reserves/Foreign Currency Liquidity　(as of March 31, 2022)

April 7, 2022

Ministry of Finance

Japan's reserve assets totaled $1,356,071 million as of March 31, 2022, down $28,502 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					1,356,071
	(1) Foreign currency reserves				1,226,246
		(a) Securities			1,089,379
				of which: issuer headquartered in Japan	-
		(b) Deposits with			136,867
			(i) Foreign central banks and BIS		136,244
			(ii) Banks headquartered in Japan		598
				of which: located abroad	-
			(iii) Banks headquartered outside Japan		25
				of which: located in Japan	25
	(2) IMF reserve position				10,867
	(3) SDRs				61,859
	(4) Gold				52,825
				(volume [in million fine troy ounces])	(27.20)
	(5) other reserve assets				4,274
		(a) Financial derivatives			-
		(b) Loans to nonbank nonresidents			-
		(c) Other			4,274
B. Other foreign currency assets					46,498

(Notes) B. Other foreign currency assets include loans to The Japan Bank for International Cooperation (JBIC) in total of $ 46,461 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		24,000	5,000	8,000	11,000
	(a) Short positions(-)	-	-	-	-
	(b) Long positions (+)	24,000	5,000	8,000	11,000
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			-8,500	-	-1,500	-7,000
	(a) Collateral guarantees on debt falling due within 1 year		-8,500	-	-1,500	-7,000
	(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		6,588
		- lent or repoed and included in Section I	-205,717
		- 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	212,305
	(e) financial derivative assets(net, marked to market)		1,355
		- forwards	-
		- futures	-
		- swaps	1,355
		- 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	1,355,630
		- currencies not in SDR basket	441

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. The classification of the notes issued by IMF managed trust accounts was changed from I.A.2 to I.A.5 (c) on November 30, 2021.

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

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