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Japan Dec M3 money supply +0.8 pct year/year

Published 01/12/2009, 07:34 PM
Updated 01/12/2009, 07:40 PM

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TOKYO, Jan 13 (Reuters) - Japan's M3 money supply rose 0.8 percent in December from a year earlier, the Bank of Japan said on Tuesday, above economists median forecast of a 0.6 percent rise.

The Bank of Japan revamped the money supply data from figures released last June to reflect changes such as the start of Japan Post's privatisation, a rise in issuance of bank bonds and an increase in privately subscribed investment trusts.

The new M3 money supply data includes deposits at all deposit-savings institutions, including Japan Post and small agricultural institutions.

The M2 is similar to the previous benchmark M2 plus CDs (certificates of deposit), although there are slight differences.

Following is a breakdown of daily average figures for money supply (preliminary, with percentage changes; some previous figures may be revised, economists' median forecasts in brackets) Year-on-year DEC NOV OCT DEC YEAR AGO M2 +1.8 (+1.7) +1.8* +1.8 +2.1 M3 +0.8 (+0.6) +0.7* +0.5* +0.7 Broadest liquidity -0.3 (-0.5) -0.3* -0.1 +2.7 (* denotes revised figure.) To view the full tables, go to http://www.boj.or.jp/en/type/stat/boj_stat/ms/ms0812.pdf

(Reporting by Hideyuki Sano)

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