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Japan's monetary base rises to new record high in March

TOKYO (Kyodo) -- Japan's monetary base stood at a record-high 375.70 trillion yen ($3.36 trillion) at the end of March, up 27.0 percent from a year earlier, as the Bank of Japan continued to provide more liquidity to bolster inflation, BOJ data showed Monday.

      The monetary base reached an all-time high for the fourth straight month, as the BOJ continued trying to eliminate lingering deflationary pressure on the economy with drastic quantitative easing.

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