国际英语新闻：Japan's monetary base rises 6.4% in Oct.

TOKYO, Nov. 2 (Xinhua) -- The monetary base in Japan jumped 6.4 percent in October from a year earlier, rising for the 26th successive month from 5.8 percent logged in the previous month, the Bank of Japan (BOJ) said in a report on Tuesday.

The average daily balance of the monetary base stood at 98.82 trillion yen (1.22 trillion U.S. dollars), with the current account deposit balance surging 38.0 percent year-on-year, including a 37.0 percent jump in reserve balances, the central bank's report said.

Banknotes in circulation were up 1.5 percent from a year earlier, although coins in circulation further declined an annual 0.5 percent.

Japan's monetary base refers to the amount of currency that is either circulated in the hands of people living in Japan or in domestic commercial bank deposits held in the central bank's reserves.

This measure of the money supply typically only includes the most liquid currencies.

The Japanese administration maintains a measure of control over the monetary base by buying and selling government bonds in the open market.

The central bank's recent easing of monetary policies has facilitated the increase in October's monetary baseyear.