Japan reports 24.5-bln-USD special forex account surplus in FY 2022
TOKYO, July 31 (Xinhua) -- The Japanese finance ministry on Monday reported a surplus of 3.48 trillion yen (about 24.5 billion U.S. dollars) in the country's special account for forex funds in the fiscal year of 2022.
Intended for specific purposes such as currency interventions, the amount registered during the fiscal period from April 2022 to March 2023 was about 641 billion yen more than the government's initial estimate.
Analysts here believe this would prompt calls for the government's plans to increase taxes to be delayed, local media reported.