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Japan Monetary Base Rises At Slower Rate In Aug

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

The monetary base in Japan increased at a slower rate in August, data from the Bank of Japan showed Tuesday.

The monetary base grew 40.5 percent year-over-year in August following the 42.7 percent rise in July.

Bank notes in circulation rose 3.5 percent, which is faster than the 3.4 percent increase in July. Coins in circulation climbed 0.9 percent following the 1 percent rise in the previous month.

Current account balances increased 79.3 percent in August, which is slower than the 84.8 percent growth in July.

After seasonal adjustments, the monetary base grew 40.8 percent in August following the 63.8 percent rise in July.

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