International Reserves/Foreign Currency Liquidity　(as of the end of October, 2023)

November 8, 2023

Ministry of Finance

Japan's reserve assets totaled $ 1,238,000 million as of October 31, 2023, up $ 752 million from the end of September.

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					1,238,000
	(1) Foreign currency reserves				1,107,024
		(a) Securities			961,749
				of which: issuer headquartered in Japan	-
		(b) Deposits with			145,275
			(i) Foreign central banks and BIS		144,862
			(ii) Banks headquartered in Japan		388
				of which: located abroad	-
			(iii) Banks headquartered outside Japan		25
				of which: located in Japan	25
	(2) IMF reserve position				10,426
	(3) SDRs				56,067
	(4) Gold				54,314
				(volume [in million fine troy ounces])	(27.20)
	(5) other reserve assets				10,169
		(a) Financial derivatives			-
		(b) Loans to nonbank nonresidents			-
		(c) Other			10,169
B. Other foreign currency assets					42,868

(Notes) B. Other foreign currency assets include loans to The Japan Bank for International Cooperation (JBIC) in total of $ 42,108 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		20,000	3,000	8,000	9,000
	(a) Short positions(-)	-	-	-	-
	(b) Long positions (+)	20,000	3,000	8,000	9,000
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			-7,200	-	-	-7,200
	(a) Collateral guarantees on debt falling due within 1 year		-7,200	-	-	-7,200
	(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

(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		3,898
	- lent or repoed and included in Section I	-150,906
	- 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	154,804
(e) financial derivative assets(net, marked to market)		1,349
	- forwards	-
	- futures	-
	- swaps	1,349
	- options	-
	- other	-
(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. ABF2 is included under item 1.A.(5)(c) 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.

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