• Kyodo News

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Foreign-exchange reserves topped the $1 trillion mark at the end of December for the second straight month, reaching a fresh record high due mainly to sharp rises in U.S. Treasury bond prices, the Finance Ministry said Friday.

The country’s foreign reserves, the world’s second-largest after China, increased by $27.79 billion from late November to $1.031 trillion, renewing the record for the first time in nine months.

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