Japan's foreign exchange reserves stood at 878.75 billion U.S. dollars at the end of August, up 6.81 billion dollars from a month earlier and hitting a new record high, according to a Japanese Finance Ministry report released on Thursday.

Japan had 735.46 billion dollars in foreign securities as of Aug. 31, up from 727.44 billion dollars a month earlier, while its foreign currency deposits decreased to 122.40 billion dollars, down from 123.16 billion dollars, the report said.

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

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