BREAKING: Japan's gold reserves rose to a record $120 billion in 2025, up +60% year-over-year.
Gold reserves now reflect 9% of Japan's total reserve assets, more than doubling since 2022.
Meanwhile, the country’s FX reserves are up to $1.17 trillion, the highest since 2021.
As a result, total reserve assets are up to $1.37 trillion, also the highest since 2021.
This comes as Japan is now the largest foreign holder of US Treasuries, at $1.2 trillion, the highest since July 2022.
Gold is boosting reserve assets worldwide.
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