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Japan's Foreign Reserves Drop in August
Developing
In Short: Japan's foreign reserves fell from $1287.1 billion to $1207.5 billion in August, according to reports.
Japan's foreign reserves have decreased from $1287.1 billion to $1207.5 billion in August, marking a notable decline in the country's financial reserves.
Meanwhile, in Colombia, the new right-wing administration is reversing the previous leftist government's policies, lifting a four-year ban on oil and gas exploration to attract foreign investors.
Background
Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asian mainland, it is bordered to the west by the Sea of Japan, the Sea of Okhotsk in the north, and the East China Sea in the south.
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- The previous administration had sought to make Colombia a leader in the global green energy transition by freezing new oil and gas exploration and banning hydraulic fracturing altogether, among other decarbonization-minded policy measures.