Japan Monetary Base Slips 3.9% On Year In July
The monetary base in Japan was down 3.9 percent on year in July, the Bank of Japan said on Monday – coming in at 643.896 trillion yen.
That follows the downwardly revised 3.5 percent annual decline in June (originally -3.3 percent).
Banknotes in circulation were down 2.4 percent on year, while coins in circulation fell 1.4 percent.
Current account balances shrank 4,3 percent on year, including a 2.2 percent decline in reserve balances.
The adjusted monetary base was down 2.8 percent on year at 643.997 trillion yen.
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