TOKYO -- Foreign currency reserves worldwide shrank 10% in the first nine months of last year as countries like Japan scrambled to defend their currencies against a rapidly strengthening dollar.
Currencies
Global foreign reserves dwindle as countries counter dollar's rise
Japan's holdings sink 13%, sharpest on record; China falls short of IMF benchmark
South Korea, China and Japan all saw drops in their foreign exchange reserves last year as the dollar strengthened. © Reuters
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