According to the Bank of Japan, the average balance of the monetary base in August fell 15.7% year on year to ¥543.07 trillion, as a decline in BOJ current account balances weighed on the total.
The monetary base stood at ¥543.07 trillion in August, down 15.7% year on year. The Bank of Japan released the average balance for the month.
The breakdown was ¥423.423 trillion in BOJ current account balances, ¥390.5822 trillion in reserve deposits, ¥115.0065 trillion in banknotes and ¥4.5775 trillion in coins. All declined year on year.
The monetary base consists of currency in circulation, which is the total of banknotes issued by the Bank of Japan and coins in circulation, and BOJ current account balances.