AI Data Insight
In May 2026 (Q2 2026), Japan's IMF reserve position dropped to USD 11,314.0 million, a decrease of USD 198 million from the previous month. Impacted by the Japanese authorities pouring record funds to stem the yen's depreciation, overall foreign exchange reserves recorded the largest single-month decline since 2000. The future level of reserve assets will highly depend on the pace of the Bank of Japan's interest rate hikes and changes in the US-Japan interest rate spread.