Source: IMF COFERQ4 2025
🇯🇵
Japanese Yen
JPY Reserve Currency
5.56%Global Share
$730.6BTotal Amount
-0.25ppQoQ Change
The Japanese Yen serves as the third largest reserve currency after the US Dollar and Euro, benefiting from Japan's position as the world's third largest economy and its reputation as a safe-haven currency during market turbulence.
Year over Year
+4.4%
GrowingAmount change YoY
5-Year Trend
+0.72pp
GrowingShare change since 2020
Rank
#3
of 8 currenciesBy reserve share
Reserve Holders
11
reporting countriesKnown major holders
JPY Historical Trend
Share of global reserves, 2015-2025
Top JPY Reserve Holders
| # | Country | Estimated Holdings | Share of JPY Reserves |
|---|---|---|---|
| 1 | 🇨🇭Switzerland | 18.5% | |
| 2 | 🇨🇳China | 16.4% | |
| 3 | 🇮🇳India | 11.2% | |
| 4 | 🇷🇺Russia | 9.3% | |
| 5 | 🇭🇰Hong Kong | 8.5% | |
| 6 | 🇰🇷South Korea | 7.5% | |
| 7 | 🇧🇷Brazil | 6.6% | |
| 8 | 🇸🇬Singapore | 6.2% | |
| 9 | 🇹🇭Thailand | 5.2% | |
| 10 | 🇨🇿Czech Republic | 3.8% |
Frequently Asked Questions
How important is the Yen as a reserve currency?
The Japanese Yen is the third most held reserve currency at approximately 5.56% of global reserves, valued for Japan's economic stability and the Yen's safe-haven properties.