Japan Monetary Base Sinks 3.4% On Year In May

RTTNews | 44 days ago
Japan Monetary Base Sinks 3.4% On Year In May

(RTTNews) - The monetary base in Japan was down 3.4 percent on year in May, the Bank of Korea said on Tuesday - coming in at 656.0.12 trillion yen.

That beat forecasts for a decline of 4.2 percent following the upwardly revised 4.8 percent contraction in April.

Banknotes in circulation was down 2.0 percent on year, while coins in circulation fell 1.4 percent.

Current account balances sank an annual 3.7 percent, including a 0.8 percent drop in reserve balances.

The adjusted monetary base was up 12.7 percent on year at 646.138 trillion yen.

read more
Japan Core Machinery Orders Sink 0.6% In May

Japan Core Machinery Orders Sink 0.6% In May

The value of core machinery orders in Japan was down a seasonally adjusted 0.6 percent on month in May, the Cabinet Office said on Monday - coming in at 913.5 billion yen.
RTTNews | 3 days ago