Tuesday, October 21, 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   
Other Business breaking news:
Qatar to buy stake in Sogo's operator (10-20 13:03)
Hang Seng up at midday (10-20 12:37)
Nikkei soars 3pc by break (10-20 10:55)
European car sales accelerate in September (10-17 18:28)
Hang Seng finishes higher (10-17 16:29)
Rolls-Royce cuts forecasts on Russian sanctions (10-17 16:24)
Smartphones cut into Google profit and share price (10-17 16:20)
European stock markets rally in initial trading (10-17 15:45)
Nikkei ends at five-month low (10-17 14:12)
Hang Seng up at midday (10-17 12:30)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.