Monday, March 4, 2013
Monetary Base Rises 15% In Feb
TOKYO (NQN)--Japan's monetary base for February expanded 15% on the year to 129.31 trillion yen, marking the 10th straight month of increase, the Bank of Japan said Monday.
The balance of banknotes issued rose 3.1% to 82.34 trillion yen. The current-account balance held at the central bank surged 51.2% to 42.41 trillion yen.
The monetary base is the total balance of current accounts deposited at the central bank by private financial institutions, as well as banknotes and coins in circulation.