Japan Monetary Base Sinks 13.8% On Year In July

India, Aug. 3 -- The monetary base in Japan was down 13.8 percent on year in July, the Bank of Japan said on Tuesday - coming in at 554.925 trillion yen.

That was shy of expectations for a decline of 13.0 percent following the 13.7 percent drop in June.

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Banknotes in circulation fell 1.9 percent on year, while coins in circulation fell 1.1 percent.

Current account balances slumped an annual 16.6 percent, including a 15.3 percent fall in reserve balances.

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Published by HT Digital Content Services with permission from RTT News....