Japan Monetary Base Up 6.1% On Year In July

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The monetary base in Japan was up 6.1 percent on year in July to 93.209 trillion yen, the Bank of Japan said on Tuesday, following the 6.4 percent annual expansion in June.

Banknotes in circulation were up an annual 0.7 percent, while coins in circulation eased 0.2 percent. Current account balances jumped 63.2 percent on year, including a 53.5 percent increase in reserve balances.

Seasonally adjusted, the monetary base fell 6.9 percent on year to 93.918 trillion yen.

(Market News Provided by RTTNews)