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Japan Monetary Base Jumps 10.9% In January

2/3/2013 7:07 PM ET

The monetary base in Japan climbed 10.9 percent on year in January, the Bank of Japan said on Monday, standing at 131.920 trillion yen. That follows the 11.8 percent spike in December.

Banknotes in circulation added an annual 3.2 percent, while coins in circulation rose 0.6 percent on year.

Current account balances saw a surge of 31.2 percent on year, including a 38.3 percent spike in reserve balances.

The adjusted monetary base was up 6.8 percent to 128.757 trillion yen, after jumping 18.2 percent in the previous month.

by RTT Staff Writer

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