Japan's foreign exchange reserves totaled 864.11 billion U.S. dollars at the end of May, up 3.87 billion dollars from a month earlier and hitting a new record high, Kyodo News reported Wednesday.

Japan had 719.45 billion dollars in foreign securities as of May 31, up from 717.46 billion dollars a month earlier, while foreign currency deposits came to 123.36 billion dollars, up from 121.77 billion dollars, the Finance Ministry said in a report.

It was the third straight month for Japan's foreign exchange reserves to reach new high.

The ministry, in the last statistic report, attributed the increase primarily to the accrued value of Japan's euro- denominated assets given the rise of the single European currency against the U.S. dollar.

Japan's foreign exchange reserves consist of securities and deposits denominated in foreign currencies, plus IMF reserve positions, IMF special drawing rights and gold.

Source: Xinhua