The monetary base in Japan surged 8.6 percent on year in July, the Bank of Japan said on Thursday, standing at 123.501 trillion yen. That follows the 5.9 percent annual expansion in June.
Banknotes in circulation were up 2.3 percent on year, while coins in circulation added an annual 0.2 percent.
Current account balances jumped 26.4 percent on year, including an annual surge of 33.0 percent in reserve balances.
Seasonally adjusted, the monetary base climbed 32.4 percent on year to 122.775 trillion yen in July. That follows the 55.8 percent annual surge in the previous month.
by RTT Staff Writer
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