By Dumping US Treasuries to Prop Up the Yen, Japan’s Foreign Currency Reserves Plunged by $95 Billion in August.

Japan’s Ministry of Finance disclosed on Monday that its foreign currency reserves plunged by a record $94.6 billion in August, or by 8.7%, to $995 billion at the end of August, from $1.09 trillion at the end of July, showing the effects of the big kahuna joint Japan-US intervention...