The monetary base in Japan shot up 23. 9 percent in April from a year earlier, rising for the 32nd consecutive month from a 16.9 percent annual increase logged in the previous month, the Bank of Japan (BOJ) said in a report on Friday.

The average daily balance of the monetary base stood at 121.893 trillion yen (1.51 trillion U.S. dollars), compared to 112.7432 trillion yen booked a month earlier, the central bank said.

The BOJ has ensured that since the March 11 twin disasters that devastated regions in the east and northeast of Japan there is enough liquidity in money markets to so that banks and other financial institutions can continue lending not just to the public, but also to each other.

The central bank said that banknotes in circulation in the recording period increased 3.7 percent on year and coins in circulation edged up 0.1 percent.

The current account balances jumped 123.4 percent on year, with a 109.3 percent annual increase in reserve balances, the central bank's data showed.

On a seasonally adjusted basis, the monetary base increased 119. 5 percent to an annualized 119.740 trillion yen the BOJ said.

VietNamNet/Xinhuanet