Japan Monetary Base Jumps 1.2% On Year In August

(RTTNews) - The monetary base in Japan climbed 1.2 percent on year in August, the Bank of Japan said on Monday - coming in at 667.447 trillion yen.

That was well above forecasts for a decline of 0.7 percent following the upwardly revised 1.3 percent contraction in July (originally -1.4 percent).

Banknotes in circulation rose an annual 0.7 percent, while coins in circulation fell 2.8 percent.

Current account balances gained 1.3 percent on year, including a 0.9 percent gain among reserve balances.

The adjusted monetary base surged 19.4 percent to 660.849 trillion yen.