JAPAN'S RESERVES HIT WORLD RECORD

JAPAN'S RESERVES HIT WORLD RECORD

Japan's foreign-exchange reserves soared to a world record of $166.39 billion in August, up $8.0 billion from July, the Finance Ministry reported.

The Japanese government received 2.34 trillion yen ($23.9 billion) more than it paid out in August, with the net receipts up 653.1 billion yen from a year earlier, the Finance Ministry reported. Japan's tax revenue in July was 4.95 trillion yen, up 3.9 percent from a year earlier.