Japan’s monetary base stood at a record-high 375.70 trillion yen ($3.36 trillion) at the end of March, up 27.0 percent from a year earlier, as the Bank of Japan continued to provide more liquidity to bolster inflation, BOJ data showed Monday.
The monetary base reached an all-time high for the fourth straight month, as the BOJ continued trying to eliminate lingering deflationary pressure on the economy with drastic quantitative easing.
The balance of financial institutions’ current account deposits at the central bank, the biggest part of the monetary base, came to 275.44 trillion yen, up 36.7 percent.
Under the current stimulus measures, the BOJ aims to boost the monetary base at an annual pace of about 80 trillion yen.
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