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FOREIGN RESERVES Japan has the world's biggest official reserves (including foreign currency, special drawing rights and reserve positions at the IMF, but excluding gold).
The first is rapidly rising official reserves.
Japan's official reserves are the world's largest.
In this section Overview Official reserves Economy Financial markets Reprints.
The central bank says its official reserves are $36 billion.
China's official reserves recorded a rare decline in the final quarter of 2011.
The picture is murkier for developing countries, which hold the bulk of the world's official reserves.
But meanwhile, diluting the dollar's share in official reserves will exert downward pressure on it.
This may reflect a wider shift in official reserves away from the benighted euro towards less troubled currencies.
The dollar accounts for over half of official reserves, for example, more than twice America's share of global output.
The dollar's weight in private international transactions also makes it the currency of choice for countries' official reserves.
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