Thursday, May 5, 2011

Japan Monetary Base Jumps 23.9% In April

by RTT Staff Writer 5/5/2011 7:58 PM ET


(RTTNews) - The monetary base in Japan climbed 23.9 percent on year in April, the Bank of Japan said on Friday, standing at 121.893 trillion yen. That follows a 16.9 percent annual expansion in March.

Banknotes in circulation added 3.7 percent on year, while coins in circulation rose just 0.1 percent. The current account balances surged 123.4 percent on year, including a 109.3 percent annual spike in reserve balances.

The adjusted monetary base climbed a seasonally adjusted 119.5 percent annualized to 119.740 trillion yen.

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