The monetary base in Japan jumped 19.8 percent on year in March, the Bank of Japan said on Tuesday, standing at 134.741 trillion yen.
That follows the 15.0 percent annual increase in February.
Banknotes in circulation were up 3.0 percent, while coins in circulation added 0.7 percent. Account balances spiked 72.2 percent, including a 75.0 percent surge in reserve balances.
The adjusted monetary base soared 72.3 percent on year to 138.924 trillion yen after rising 44.4 percent in the previous month.
For the first quarter of 2013, the monetary base jumped 15.2 percent on year after collecting 9.2 percent in the previous three months.
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