FX.co ★ Japan Monetary Base Slips 0.1% On Year In September

The Bank of Japan reported on Wednesday that Japan’s monetary base decreased by 0.1 percent year-on-year in September, totaling 669.446 trillion yen. This follows a 0.6 percent increase recorded in August. The data also showed a 1.1 percent annual decline in banknotes in circulation, while current account balances increased by 0.2 percent, driven by a 3.0 percent rise in reserve balances. For the third quarter of 2024, the monetary base saw a 0.5 percent increase.