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Economy And The Numbers

Japan Monetary Base Surges 31.6% In May

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The monetary base in Japan spiked 31.6 percent on year in May, the Bank of Japan said on Tuesday, standing at 154.141 trillion yen.

That followed the 23.1 percent annual increase in April.

Banknotes in circulation were up 3.1 percent on year, while coins in circulation added an annual 0.9 percent.

Current account balances surged 108.1 percent to 66.305 trillion yen - including a 117.0 percent spike in reserve balances.

The seasonally adjusted monetary base climbed 137.7 percent to 156.985 trillion yen.

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