Japan Monetary Base Spikes 20.3% In March

The monetary base in Japan was up 20.3 percent on year in March, the Bank of Japan said on Tuesday – coming in at 436.263 trillion yen.

That follows the 21.4 percent spike in February.

Banknotes in circulation gained 4.5 percent, while coins in circulation added 1.0 percent.

Current account balances surged 26.4 percent, including a 25.3 percent jump in reserve balances.

The adjusted monetary base advanced an annual 9.6 percent to 444.771 trillion yen.

For the first quarter, the monetary base soared 21.4 percent on year.

The material has been provided by InstaForex Company – www.instaforex.com

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