02.08.2024 02:17:09

Japan Monetary Base Rises 1.0% On Year In July

(RTTNews) - The monetary base in Japan was up 1.0 percent on year in July, the Bank of Japan said on Friday exceeding expectations for a gain of 0.9 percent and accelerating from 0.6 percent in June.

Banknotes in circulation were down 0.9 percent on year, including a 1.5 percent drop in coins in circulation.

Current account balances rose an annual 1.5 percent, including a 3.6 percent jump in reserve balances.

The adjusted monetary base was up 0.8 percent after slumping 6.5 percent a month earlier.