💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Japan Dec M3 money supply +0.8 pct year/year

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

(For more stories on the financial crisis click [ID:nCRISIS])

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)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.