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Monetary Base (December 2008)

January 6, 2009
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)
2007
2008		 -7.8
0.1		 1.4
0.8		 0.8
0.8		 -49.6
-6.0		 -47.9
-5.0		 -
-
2007/ 7- 9
10-12
2008/ 1- 3
4- 6
7- 9
10-12
 -0.3
0.6
-0.0
-1.1
-0.0
1.7		 1.4
1.7
1.1
0.7
0.6
0.8		 0.7
0.9
1.0
0.8
0.7
0.5		 -14.0
-8.7
-10.4
-16.3
-5.8
11.0		 -10.7
-15.5
-9.4
-17.1
-6.5
17.7		 -2.2
0.6
-1.6
-1.5
2.5
8.0
2007/11
12
2008/1
2
3
4
5
6
7
8
9
10
11
12		 1.0
0.4
-0.1
0.1
-0.0
-2.8
-0.9
0.4
-0.7
-0.2
0.9
1.4
1.9
1.8		 1.7
1.7
1.5
1.1
0.8
0.6
0.7
0.7
0.6
0.9
0.4
0.8
1.1
0.5		 0.9
1.0
1.0
1.0
1.0
0.9
0.8
0.8
0.8
0.7
0.7
0.6
0.5
0.4		 -4.8
-11.2
-14.4
-9.3
-7.4
-27.3
-16.0
-2.2
-12.3
-10.1
5.4
7.1
11.3
14.7		 -5.0
-11.6
-14.1
-7.6
-6.2
-28.1
-16.7
-2.9
-12.2
-9.4
2.6
34.5
10.2
11.2		 0.4
2.7
-6.1
3.0
-7.3
-13.2
13.7
16.8
-14.5
5.7
15.8
6.6
7.9
0.1

(Average amounts outstanding, 100 million yen)
2008/11
12		 888,562
924,351		 759,854
784,262		 45,434
45,770		 83,274
94,319		 77,746
86,355		 904,463
904,516

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.

Long-term time-series data are available in "BOJ Time-Series Data Search."

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