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Japan July monetary base -0.7 pct yr/yr - BOJ

Sun Aug 3, 2008 7:56pm EDT

(For more on Japan's economy click [ID:nECONJP])

Global Markets

TOKYO, Aug 4 (Reuters) - Japan's monetary base fell 0.7 percent in July from a year earlier, Bank of Japan data showed on Monday.

The monetary base has been mostly stable since the middle of last year as a rise in BOJ note issuance offset falls in current account deposits at the central bank.

Details were as follows (percent, year-on-year, with final column showing month-on-month change seasonally adjusted):

Monetary BOJ note Coins Current Bank Month-

base issuance in circ deposits resrvs on-month July -0.7 +0.6 +0.8 -12.3 -12.2 -14.5 June +0.4 +0.7 +0.8 -2.2 -2.9 +16.8 May -0.9 +0.7 +0.8 -16.0 -16.7 +13.7 April -2.8 +0.6 +0.9 -27.3 -28.1 -13.2 Average outstanding monetary base: July : 87.8532 trillion yen ($817.1 billion) June : 88.0155 trillion yen For the full tables, click here (Reporting by Leika Kihara; Editing by Chris Gallagher)



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