Japan's most closely watched money supply gauge rose 3.3 percent in October from a year earlier, but the balance of quasi-money -- mostly in time deposits -- fell 12.7 percent, the Bank of Japan said Monday.
The average daily balance of M2 -- cash in circulation, demand deposits and quasi-money -- plus certificates of deposit, came to 669.4 trillion yen, compared with a revised 668.4 trillion yen in September. , the central bank said.
The balance of quasi-money totaled 319.3 trillion yen, following a 13.1 percent drop in September. It fell by a record 13.8 percent in June.
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