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Monetary Base (August 2008)

September 2, 2008
Bank of Japan
Research and Statistics Department

Percent changes from a year earlier in average amounts outstanding

Year, Quarter,
Month		 Monetary Base Monetary Base

(b)
Banknotes in Circulation Coins in Circulation Current Account Balances
Reserve Balances (a)
2006
2007		 -13.3
-7.8		 1.0
1.4		 0.5
0.8		 -47.4
-49.6		 -48.2
-47.9		 -
-
2007/ 1- 3
4- 6
7- 9
10-12
2008/ 1- 3
4- 6
 -20.5
-7.6
-0.3
0.6
-0.0
-1.1		 1.1
1.4
1.4
1.7
1.1
0.7		 0.8
0.7
0.7
0.9
1.0
0.8		 -73.1
-46.8
-14.0
-8.7
-10.4
-16.3		 -72.3
-40.8
-10.7
-15.5
-9.4
-17.1		 0.9
3.6
-2.2
0.6
-1.6
-1.5
2007/7
8
9
10
11
12
2008/1
2
3
4
5
6
7
8		 -2.3
0.7
0.7
0.5
1.0
0.4
-0.1
0.1
-0.0
-2.8
-0.9
0.4
-0.7
-0.2		 1.6
1.3
1.5
1.7
1.7
1.7
1.5
1.1
0.8
0.6
0.7
0.7
0.6
0.9		 0.7
0.7
0.8
0.9
0.9
1.0
1.0
1.0
1.0
0.9
0.8
0.8
0.8
0.7		 -27.5
-4.1
-5.8
-9.4
-4.8
-11.2
-14.4
-9.3
-7.4
-27.3
-16.0
-2.2
-12.3
-10.1		 -23.6
-1.2
-3.2
-28.5
-5.0
-11.6
-14.1
-7.6
-6.2
-28.1
-16.7
-2.9
-12.2
-9.4		 -2.2
-0.0
0.2
0.4
0.4
2.7
-6.1
3.0
-7.3
-13.2
13.7
16.8
-14.5
5.7

(Average amounts outstanding, 100 million yen)
2008/7
8		 878,532
879,433		 757,150
756,144		 45,232
45,280		 76,150
78,009		 72,341
74,386		 879,068
883,123

Notes: 1.Figures (a) include the Deposit of the Japan Post from April 2003 to September 2007.
Figures (a) don't include the Deposit of the Japan Post Bank from October 1, 2007 to October 15, 2007.
2.Figures (b) are seasonally adjusted percent changes at an annualized rate from the previous period.

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