The monetary base published by the Bank of Japan fell 15.7% year on year to ¥543.007 trillion in August, with the rate of decline widening from the previous month. By component, Bank of Japan current account balances fell 18.9% to ¥423.423 trillion, while banknotes fell 2.0% to ¥115.0065 trillion.
The average balance of the monetary base announced by the Bank of Japan fell 15.7% year on year to ¥543.007 trillion in August. The rate of decline widened from the previous month.
By component, Bank of Japan current account balances fell 18.9% to ¥423.423 trillion, compared with a 16.6% decline in the previous month. The balance of banknotes fell 2.0% to ¥115.0065 trillion.
The announcement was reported by Reuters and indicated that the monetary base’s contractionary trend continued.