(Associated Press) - Japanese Finance Minister Koji Omi on Tuesday welcomed Russia's decision to buy yen for its foreign exchange reserves.
Russia has about US$267 billion (в'¬213 billion) in reserves in dollars, euros and pounds. But the Russian central bank's deputy chairman Alexei Ulyukayev was quoted as saying Monday by local media that the country has started buying yen for its currency reserves, reports Trend.
"I welcome their decision to include the yen in them (the reserves)," Omi told a regular press conference.
The report helped the yen to gain slightly against the dollar. At 1 p.m. (0400 GMT), the dollar bought at 119.03 yen on the Tokyo foreign exchange market, down from 119.11 yen late Monday.