Asia's Pacific

Japan Monetary Base Falls 0.2% In March

The monetary base in Japan was down 0.2 percent on year in March, the Bank of Japan said on Tuesday, coming in at 112.46 trillion yen. That follows the 11.3 percent annual surge in February.

Banknotes in circulation added 0.9 percent on year to 79.87 trillion yen, while coins in circulation collected 0.1 percent to 4.521 trillion yen.

Current account balances were down 3.6 percent on year to 28.04 trillion yen - including a 1.4 percent contraction in reserve balances to 24.22 trillion yen.

The adjusted monetary base plunged 11.7 percent on year in March to 115.17 trillion yen. That follows the 23.6 percent decline in February.

by RTT Staff Writer