@article{oai:kansai-u.repo.nii.ac.jp:00008727,
 author = {Hatori, Yoshihiko},
 journal = {Kansai University review of business and commerce},
 month = {Mar},
 note = {Ample reserve assets used to be a symbol of a rich country. However, what is going on at present has posed a major question to this way of thinking. Countries with ample foreign exchanges are not developed countries excluding Japan, but are developing countries including China as the greatest reserve assets holder, and Japan. A common factor of the structures of balance of payments of China and Japan is that they are based on a large amount of the surplus in their current accounts. Furthermore, the rapid increase in reserves was also the result of an additional factor of the surplus in the capital and financial account centering on direct investment in the case of China, and a decrease in the deficit in the capital and financial account in the case of Japan. It seems to be that increasing reserve assets are becoming a part of the absorption system of world savings by the USA.},
 pages = {1--17},
 title = {Increasing Reserve Assets},
 volume = {9},
 year = {2007}
}