FX.co ★ Japan’s FX War Chest Swells by $25 Billion in January, Reaching $1.394 Trillion

Japan’s foreign exchange reserves rose in January 2026, adding $25 billion to the country’s already substantial buffer of external assets. According to the latest data, updated on 5 February 2026, Japan’s foreign reserves increased to $1,394.8 billion, up from $1,369.8 billion in December 2025.

The January gain underscores Japan’s continued accumulation of reserves, which serve as a key tool for managing currency stability and bolstering market confidence. With the stockpile now approaching $1.4 trillion, Japan retains one of the largest reserve positions globally, providing policymakers with significant flexibility in the face of potential financial or currency market volatility.