Tokyo urges China to act 'responsibly' on reserves

- Central Banking staff
- 05 May 2005

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Japanese Finance Minister Sadakazu Tanigaki said that Japan will manage its foreign-exchange reserves to help create stability rather than maximize profit and called on China and South Korea to also act "responsibly."

Japan's reserves totalled US$837.7 billion (HK$6.53 trillion) at the end of March, China's amounted to US$659.1 billion and South Korea's stood at US$205.2 billion as of April 15.

``The foreign reserve amounts are considerably large,'' said Tanigaki after meeting his Korean and

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