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Business · 1 hour ago

Japan's foreign reserves fall by record $80 billion

Japan's foreign reserves fall by record $80 billion

Japan's foreign reserves dropped by $80 billion in August, the fastest decline since records began in 2000. The fall was mainly due to the government selling dollars to buy yen, trying to boost its value. The country has spent a record 27.1 trillion yen this year on interventions, including a coordinated effort with the US.

Reported by CNBC · How we write briefs

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