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Japan Monetary Base Slips 1.0% On Year In March
(RTTNews) - The monetary base in Japan was down 1.0 percent on year in March, the Bank of Japan said on Tuesday - coming in at 655.780 trillion yen.
That follows the upwardly revised 1.6 percent contraction in February (originally -1.7 percent).
Banknotes in circulation was up an annual 2.1 percent, while coins in circulation sank 3.7 percent. Current account balances lost 1.6 percent, including a 2.1 percent drop in reserve balances.
The adjusted base was up 13.5 percent, slowing from 31.1 percent a month earlier.
For the first quarter of 2023, the monetary base slipped 2.1 percent on year.
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