Market Commentary and Intraday News
Japan Monetary Base Rises 6.5% In August
258 days ago
(RTTNews) - The monetary base in Japan was up 6.5 percent on year in August, the Bank of Japan said on Tuesday, standing at 1,214.636 billion yen. That follows the 8.6 percent annual expansion in July.
Banknotes in circulation were up an annual 2.4 percent, while coins in circulation added 0.3 percent. Current account balances spiked 18.0 percent on year, including a 20.7 percent annual surge in reserve balances.
The seasonally adjusted monetary base was down 14.7 percent to 1,211.542 billion yen following the 32.4 percent surge in July.
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