Japan’s foreign reserves fell by $35.97 billion to $1.37 trillion in March 2026, marking the lowest level since December 2025. The reserves consisted of $1.16 trillion in foreign currency assets, $11.14 billion in the IMF reserve position, $60.45 billion in SDRs, $125.34 billion in gold, and $15.99 billion in other reserve assets. This decline comes amid increased volatility, with officials monitoring the yen's weakness and signaling readiness to intervene if necessary. The decline highlights ongoing pressure on Japan's monetary authorities, though they may wait until the Bank of Japan's next policy meeting on April.