Japan's reserves climbing right behind China's.

The article reveals the increase in the foreign exchange reserves of Japan. The reserves rose to a new record of $945.6 billion at the end of September. The author says the new figure was partly an expression of price rises in short-term U.S. Treasury Bills and a stronger Euro. She adds that the new figure also indicates that the Bank of Japan, despite the strengthening Yen, which is always considered a threat to Japanese exports, has not intervened in the exchange markets since 2004.