Japan’s Monetary Base Rises to Record High

April 4, 2016 Share Print 0

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.

via Mainichi

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.