Japan's foreign exchange reserves have declined for the third consecutive month.

On July 7, the Japanese Ministry of Finance released data indicating that as of the end of July this year, Japan's foreign exchange reserves amounted to approximately $1.29 trillion, a decrease of $377 million from the end of June, marking the third consecutive month of decline. The Ministry of Finance stated that the decrease in foreign exchange reserves was due to rising U.S. Treasury yields, which led to a decline in the market value of U.S. Treasury bonds and other securities held by Japan. The data showed that as of the end of July, the securities assets within Japan's foreign exchange reserves were approximately $927.332 billion, down $1.25 billion from the end of June. The foreign exchange reserve changes have attracted market attention following the Japanese government's and central bank's intervention in the yen exchange rate at the end of July. The Ministry of Finance noted that it takes several days for transactions to be settled. Therefore, the impact of the exchange rate intervention at the end of July has not yet been reflected in this statistical data.