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International Reserves/Foreign Currency Liquidity　(as of the end of December 2024)

January 10, 2025

Ministry of Finance

Japan's reserve assets totaled $ 1,230,715 million as of the end of December 2024, down $ 8,284 million from the end of November.

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 1,230,715
  (1) Foreign currency reserves 1,077,137
  (a) Securities 917,567
    of which: issuer headquartered in Japan -
(b) Deposits with 159,570
  (i) Foreign central banks and BIS 159,124
(ii) Banks headquartered in Japan 384
  of which: located abroad -
(iii) Banks headquartered outside Japan 62
  of which: located in Japan 25
(2) IMF reserve position 10,199
(3) SDRs 57,197
(4) Gold 71,013
      (volume [in million fine troy ounces]) (27.20)
(5) other reserve assets 15,169
  (a) Financial derivatives -
(b) Loans to nonbank nonresidents -
(c) Other 15,169
B. Other foreign currency assets 38,761

(Notes) B. Other foreign currency assets include loans to The Japan Bank for International Cooperation (JBIC) in total of $ 38,479 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

 - - - -

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

 20,000 5,000 9,000 6,000
 

(a) Short positions(-)

 - - - -

(b) Long positions (+)

 20,000 5,000 9,000 6,000

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

 -9,900 - -1,000 -8,900
 

(a) Collateral guarantees on debt falling due within 1 year

 -9,900 - -1,000 -8,900

(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

 4,441
 

- lent or repoed and included in Section I

 -174,540

- 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

 178,981

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

 1,314
 

- forwards

 -

- futures

 -

- swaps

 1,314

- 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.orgOpen a New Window 
  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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