etary Base and the Bank of Japan's Transactions," for example, the relationship between JGB transactions and the monetary base is clearly shown by indicating the types of JGB transactions through which the Bank has obtained JGBs.
The funds-tables are compiled in order to show exactly how current account balances are determined by issuance/redemption of banknotes ("banknotes"), receipts/payments of treasury funds and other transactions ("treasury funds and others"), and the Bank's market operations. However, the funds-tables focus on movements of the current account balances as their main aim is to make daily market operations easy to understand.
"Monetary Base and the Bank of Japan's Transactions" is constructed in such a way that, for example, it shows clearly how the issuance of banknotes or receipts/payments of treasury funds correspond to increase/decrease in the monetary base.
Each month's "Monetary Base and the Bank of Japan's Transactions" will be published at 8:50 a.m. on the sixth business day of the following month as hard copies and on the Bank's Web site. It will also be published in the Financial and Economic Statistics Monthly, as soon as this is ready.
For further information, contact
Planning Division I, Policy Planning Office
Mr. Shimizu (+81-3-3277-2812) or Mr. Watanabe (+81-3-3277-1553)
Relationship between "Monetary Base and the Bank of Japan's Transactions" and the Bank's balance sheet