Mumbai, April 7 -- Japan's foreign reserves fell by $35.97 billion to $1.37 trillion in March, marking the lowest level since December and reflecting ongoing pressure on monetary authorities. The reserves were mainly composed of foreign currency assets, along with smaller holdings in gold, SDRs, and IMF reserves. The sharp decline comes as markets turn cautious, with attention now shifting to the Bank of Japan's upcoming policy meeting on April 28 for potential signals on intervention or policy direction.
Published by HT Digital Content Services with permission from Capital Market....