Release Explanation: This report is supplied by the Bank of Japan. The Monetary Base includes all banknotes and coins in circulation plus all currency held as deposits by the Bank of Japan. As an official measure of the Japanese money supply, the Monetary Base will show the immediate impacts of monetary policy actions and can give an indication into the future direction of inflation. An expansion in the monetary base is generally inflationary while a decline will likely have the opposite effect.
Trade Desk Thoughts: The M2 money stock for Japan has increased by 1.7 percent year over year in November. This figure is slightly lower than the 1.8 percent which was forcasted and is down from the October figure of 1.8 percent.
Forex Technical Reaction: The Japanese yen has not reacted significantly to either release this evening. Currently, the pair has gained 15 pips to right under the 93.00 level.
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Japanese M2 Money Stock Lower Than Expected
Published 12/31/2000, 07:00 PM
Updated 12/07/2008, 07:30 PM
Japanese M2 Money Stock Lower Than Expected
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