Japan increases financial performance
The amount of monetary base in Japan rose by 38% in July 2013 comparing to the same period in 2012 and amounted to 173.31 trillion yen ($ 1.74 trillion), which is a record for the country. This is stated in report of the Central Bank of Japan, according to ITAR-TASS.
According to the Bank’s data, the rate is increasing for the fifth month in a row. They plan to keep the rate at the level from 60 to 70 trillion yen ($ 600 - $ 700 billion) per year. Financial authorities expect to double the money supply in two years.
