Japan's June Monetary Base Up 33.5% To New Record High


Japan's June monetary base up 33.5% to new record highJapan's monetary base stood at a record-high 325.05 trillion yen ($2.64 trillion) at the end of June, up 33.5 percent from a year earlier, as the Bank of Japan continued to provide more liquidity to raise the inflation rate to its targeted 2 percent, BOJ data showed Thursday.

The monetary base reached an all-time high for the 11th straight month. The central bank took additional monetary easing steps last October to raise the pace of supplying funds.

The balance of financial institutions' current account deposits at the BOJ, the biggest part of the monetary base, came to 229.84 trillion yen, up 50.9 percent.