Japan's monetary base rose to a record high in June for the seventh straight month, as the Bank of Japan continued to provide more liquidity to bolster inflation, BOJ data showed Monday.
The monetary base at the end of the month stood at ¥403.94 trillion, up 24.3 percent from a year earlier, as the central bank 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 ¥303.28 trillion, up 32 percent.
Under the current stimulus measures, the BOJ aims to boost the monetary base at an annual pace of about ¥80 trillion.