NET INTERNATIONAL RESERVES
Date	NIR (US$M)	Change 1-Mth	Change 12-Mth	Wks - Goods Impt
Jan. 1997	713.03	20.92	257.24	16.26
Feb.	712.34	-0.69	244.82	15.64
Mar.	648.48	-63.86	152.22	14.38
Apr.	637.12	-11.36	107.75	13.38
May	561.08	-76.04	3.07	12.03
June	563.92	2.84	-34.54	11.95
July	569.38	5.46	-87.17	12.03
Aug.	589.7	20.32	-77.39	12.38
Sept.	585.5	-4.2	-79.82	12.24
Oct.	592.02	6.52	-66.55	12.35
Nov.	563.22	-28.8	-99.89	11.85
Dec.	540.5	-22.72	-151.61	11.33
Jan. 1998	553.17	12.67	-159.86	11.55
Feb.	588.42	35.25	-123.92	12.08
Mar.	595.07	6.65	-53.41	12.16
Apr.	589.94	-5.13	-47.18	12.22
May	596.51	6.57	35.43	12.33
June	605.87	9.36	41.95	12.38
July	611.89	6.02	42.51	12.47
Aug.	619.21	7.32	29.51	12.59
Sept.	616.94	-2.27	31.44	12.55
Oct.	605.61	-11.33	13.59	12.36
Nov.	576.27	-29.34	13.05	11.86
Dec.	582	5.73	41.5	11.92
Jan. 1999	578	-4	24.83	11.85
Feb.	578.53	0.53	-9.89	13.48
Mar.	581.53	3	-13.54	13.43
Apr.	587.41	5.88	-2.53	12.72
May	590.5	3.09	-6.01	12.78
June	590.57	0.07	-15.3	13.38
July	486.98	-103.59	-124.91	11.41
Aug.	490.76	3.78	-128.45	11.48
Sept.	526.24	35.48	-90.7	12.08
Oct.	492.82	-33.42	-112.79	11.5
Nov.	506.73	13.91	-69.54	11.8
Dec.	450.17	-56.56	-131.83	10.61
Jan. 2000	453.09	2.92	-124.91	10.67
Feb.	590.61	137.52	12.08	13.32
Mar.	703.51	112.9	121.98	15.41
Apr.	743.98	40.47	156.57	14.95
May	776.25	32.27	185.75	15.53
June	756.48	-19.77	165.91	15.07
July	788.68	32.2	301.7	15.62
Aug.	935.35	146.67	444.59	18.01
Sept.	935.49	0.14	409.25	17.94
Oct.	845.71	-89.78	352.89	15.9
Nov.	831.67	-14.04	324.94	15.66
Dec.	969.52	137.85	519.35	18.33
Jan. 2001	931.24	-38.28	478.15	17.64
Feb.	1,106.61	175.37	516	21.15
Mar.	1,286.29	179.68	582.78	24.29
Apr.	1,281.79	-4.5	537.81	23.04
May	1,480.61	198.82	704.36	26.41
June	1,540.51	59.9	784.03	27.33
July	1,526.15	-14.36	737.47	27.08
Aug.	1,598.97	72.82	663.62	28.19
Sept.	1,536.70	-62.27	601.21	27.72
Oct.	1,477.46	-59.24	631.75	26.69
Nov.	1,477.03	-0.43	645.36	26.96
Dec.	1,840.74	363.71	871.22	33.21
Jan. 2002	1,848.68	7.94	917.44	33.82
Feb.	1,820.88	-27.8	714.27	32.84
Mar.	1,941.67	120.79	655.38	35.2
Apr.	1,899.75	-41.92	617.96	33.27
May	1,810.64	-89.11	330.03	31.77
June	1,782.25	-28.39	241.74	31.21
July	1,743.93	-38.32	217.78	29.76
Aug.	1,685.60	-58.33	86.63	28.79
Sept.	1,687.28	1.68	150.58	29.09
Oct.	1,655.16	-32.12	177.7	28.55
Nov.	1,614.40	-40.76	137.37	27.87
Dec.	1,596.98	-17.42	-243.76	27.91
Jan. 2003	1,510.25	-86.73	-338.43	26.45
Feb.	1,252.94	-257.31	-567.94	22.07
Mar.	1,339.67	86.73	-602	22.36
Apr.	1,362.10	22.43	-537.65	22.72
May	1,233.33	-128.77	-577.31	20.26
June	1,127.39	-105.94	-654.81	18.27
July	1,124.92	-2.47	-619.01	18.23
Aug.	1,080.10	-44.82	-605.50	17.52
Sept.	1,182.63	102.53	-504.65	18.62
Oct.	1,131.13	-51.50	-524.03	18.18
Nov.	1,103.25	-27.88	-511.15	17.39
Dec.	1,164.98	61.73	-432.00	18.31
Jan. 2004	1,251.01	86.03	-259.24	19.75
Feb.	1,473.96	222.95	221.02	23.55
Mar.	1,568.66	94.70	228.99	24.99
Apr.	1,741.62	172.96	379.52	25.48
May	1,715.66	-25.96	482.33	24.05
June	1,604.10	-111.56	476.71	22.48
July	1,594.69	-9.41	469.77	26.62
Aug.	1,643.46	48.77	563.36	23.88
Sept.	1,616.52	-26.94	433.89	23.56
Oct.	1,826.66	210.14	695.53	26.3
Nov.	1,816.06	-10.60	712.81	26.88
Dec.	1,858.52	42.46	693.54	27.49
Jan. 2005	1,847.58	-10.94	596.57	27.3
Feb.	1,831.07	-16.51	357.11	26.47
Mar.	1,901.61	70.54	332.95	27.46
Apr.	2,010.42	108.81	268.80	26.66
May	2,074.49	64.07	358.83	27.02
June	2,156.80	82.31	552.70	27.42
July	2,149.25	-7.55	554.56	29.41
Aug.	2,117.51	-31.74	474.05	27.18
Sept.	2118.97	1.46	502.45	27.18
Oct.	2098.99	-19.98	272.33	29.3
Nov.	2093.76	-5.23	277.70	27.26
Dec.	2087.43	-6.33	228.91	27.03
Jan. 2006	2093.48	6.05	245.90	26.46
Feb.	2,024.24	-69.24	193.17	27.72
Mar.	2,078.10	53.86	176.49	28.26
Apr.	2,151.82	73.72	141.40	24.66
May	2,162.76	10.94	88.27	23.72
Jun	2,110.05	-52.71	-46.75	22.90
Jul	2,087.87	-22.18	-61.38	23.09
Aug	2,215.63	127.76	98.12	25.10
Sep	2,342.01	126.38	223.04	26.37
Oct	2,306.40	-35.61	207.41	24.94
Nov	2,352.99	46.59	259.23	25.62
Dec	2,317.55	-35.44	230.12	25.23
Jan. 2007	2,288.39	-29.16	194.91	24.22
Feb	2,185.56	-102.83	161.32	23.03
Mar	2,329.36	143.80	251.26	27.14
Apr	2,292.36	-37.00	140.54	26.09
May	2,252.22	-40.14	89.46	24.83
Jun	2,238.87	-13.35	128.82	23.74
Jul	2,146.18	-92.69	58.31	23.20
Aug	2,067.29	-78.89	-148.34	19.61
Sep	1,916.19	-151.10	-425.82	18.16
Oct	1,924.53	8.34	-381.87	18.32
Nov	1,808.50	-116.03	-544.49	14.70
Source: BOJ, STATIN and PSOJ Calcualtions