Japan’s monetary base contracted by 13.8% year-on-year in July 2026, marking the steepest decline since March 2007 and up from a 13.7% drop in the previous month. The latest reading also far exceeded market estimates for a 13% fall, driven by a 16.6% decline in current account balances held at the Bank of Japan, while banknotes in circulation fell 1.9% and coins in circulation eased 1.1%. On an average outstanding basis, the monetary base stood at ¥554.9 trillion in June, down from ¥559.2 trillion in the previous month. source: Bank of Japan
Monetary Base YoY in Japan averaged 9.68 percent from 1971 until 2026, reaching an all time high of 55.70 percent in February of 2014 and a record low of -22.30 percent in November of 2006. Japan Monetary Base YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.