Tokyo urges China to act 'responsibly' on reserves

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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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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