Friday, October 31, 2014   

Japan money supply hits record high on loose policy
(06-03 12:16)

Monetary base of Japan hit a new record at 224.37 trillion yen in May, up 45.6 percent from a year earlier, due to ultra-loose monetary policy by the Bank of Japan, Japan's central bank, according to local report.
The average daily balance of liquidity injected by the BOJ, including cash in circulation and the balance of current account deposits held by financial institutions at the bank, increased for the 25th straight month, said the BOJ.
The monetary base stood at 226.62 trillion yen at the end of May, the highest among comparable data available since July 1996, Japan's Kyodo News quoted the central bank as reporting.
The balance of current account deposits more than doubled to an average 133.64 trillion yen.
The BOJ set the monetary base as its main policy target in a move to beat the country's prolonged deflation. --Xinhua   
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