Japan Monetary Base Climbs 37.4% In January

The monetary base in Japan jumped 37.4 percent on year in January, the Bank of Japan said on Tuesday, coming in at 275.385 trillion yen. That follows the 38.2 percent spike in December. Banknotes in circulation added 3.5 percent on year, while coins in circulation gained 0.7 percent. Current account balances surged an annual 66.2 percent, including a 66.7 percent spike in reserve balances. The adjusted monetary base climbed 50.2 percent to 277.267 trillion yen.

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