---
source: Ministry of Finance Japan
url: https://www.mof.go.jp/english/policy/international_policy/reference/official_reserve_assets/e0803.html
document_type: html
date_retrieved: 2026-04-07
period: March 2026
parent_publication: International Reserves/Foreign Currency Liquidity
indicators_covered: [Foreign Exchange Reserves]
---

# International Reserves/Foreign Currency Liquidity (as of the end of March 2026)

**April 7, 2026**  
**Ministry of Finance**

Japan's reserve assets totaled **$1,374,731 million** as of the end of March 2026, down $35,968 million from the end of February.

## I. Official Reserve Assets and Other Foreign Currency Assets

### A. Official Reserve Assets: $1,374,731 million

**(1) Foreign currency reserves: $1,161,816 million**
- **(a) Securities: $1,000,087 million**
- **(b) Deposits: $161,729 million**
  - (i) Foreign central banks and BIS: $161,297 million
  - (ii) Banks headquartered in Japan: $407 million
    - of which: located abroad: $-
  - (iii) Banks headquartered outside Japan: $25 million
    - of which: located in Japan: $25 million
- **(2) IMF reserve position: $11,137 million**
- **(3) SDRs: $60,447 million**
- **(4) Gold: $125,343 million**
  - (volume [in million fine troy ounces]): (27.20)
- **(5) Other reserve assets: $15,988 million**
  - (a) Financial derivatives: $-
  - (b) Loans to nonbank nonresidents: $-
  - (c) Other: $15,988 million

### B. Other Foreign Currency Assets: $34,247 million

*(Note: B. Other foreign currency assets include loans to The Japan Bank for International Cooperation (JBIC) in total of $33,960 million.)*

## II. Predetermined Short-Term Net Drains on Foreign Currency Assets

*(in US$ millions)*

| | 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 | 5,000 | 9,000 | 6,000 |
|   - Short positions(-) | - | - | - | - |
|   - Long positions (+) | 20,000 | 5,000 | 9,000 | 6,000 |
| 3. Other | - | - | - | - |

## III. Contingent Short-Term Net Drains on Foreign Currency Assets

*(in US$ millions)*

| | 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 | -10,631 | -4,000 | - | -6,631 |
|   (a) Collateral guarantees on debt falling due within 1 year | -10,631 | -4,000 | - | -6,631 |
|   (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

**To be reported with standard periodicity and timeliness:**

- **short-term domestic currency debt indexed to the exchange rate:** $-
- **financial instruments denominated in foreign currency and settled by other means (e.g., in Yen):** $-
- **pledged assets:** $-
- **securities lent and on repo:** $4,531
  - - lent or repoed and included in Section I: $-177,913
  - - 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: $182,444
- **financial derivative assets (net, marked to market):** $616
  - - forwards: $-
  - - futures: $-
  - - swaps: $616
  - - options: $-
  - - other: $-
- **derivatives (forward, futures, or options contracts) that have a residual maturity greater than one year:** $-

**To be disclosed less frequently:**

- **currency composition of reserves (by groups of currencies):**
  - - currencies in SDR basket: $1,354,907
  - - currencies not in SDR basket: $19,824

---

**Verification:** The total official reserve assets of **$1,374,731 million** (or $1.3747 trillion) matches the expected value for March 2026. This represents a decrease of $35,968 million from February 2026's figure of $1,410,699 million.