- CNTV English - CCTV News

Homepage > News > Biz >

Japan's monetary base climbs 7.6% in Nov.

12-02-2010 16:14 BJT

TOKYO, Dec. 2 (Xinhua) -- Japan's monetary base climbed 7.6 percent in November from year earlier, marking the 27th straight month of growth, the Bank of Japan (BOJ) said in a report on Thursday.

According to the BOJ, the average daily balance, which comprises cash in circulation and the balance of current account deposits held by financial institutions at the central bank, totaled 99.19 trillion yen (1.78 trillion U.S. dollars).

The current account balance surged 47.3 percent year-on-year to 17.58 trillion yen (208.81 billion dollars), including a 44.4 percent jump in reserve balances.

Banknotes in circulation increased 1.8 percent to 77.10 trillion yen (915.79 billion dollars) from a year earlier, although coins in circulation fell 0.4 percent on year to 4.51 trillion yen (53.56 billion dollars).

Japan's monetary base refers to the amount of currency that is either circulated in the hands of people living in Japan or in domestic commercial bank deposits held in the central bank's reserves. This measure of the money supply typically only includes the most liquid currencies.

The Japanese administration maintains a measure of control over the monetary base by buying and selling government bonds in the open market.

Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program