— Japan Sep M3 Money Stock +2.0% Y/Y Vs Aug +2.1%
TOKYO (MNI) – Japan’s money stock, measured by the key M2
aggregate, rose 2.4% in September from a year earlier, after growing at
the same pace in the previous month, data from the Bank of Japan showed
on Friday.
The September figure came in line with the average economist
forecast for +2.4% in an MNI survey. It remains the highest growth in
money stock since April 2012, when it was up 2.6%.
In recent months, the M2 money growth peaked at +3.2% in December
2011.
The broader M3 money stock aggregate in September rose 2.0% on
year, after rising 2.1% in August.
Quasi-money — cash equivalents and other assets that are easily
convertible into cash — rose 0.6% in September from a year earlier
after rising 0.6% in August.
The narrow measure of money supply, M1, which consists of currency
in circulation and deposit money, rose 3.5% y/y in September after
rising 3.4% in the previous month.
Certificates of deposit were up 3.7% in September after +6.2% in
August.
tokyo@mni-news.com
** MNI Tokyo Newsroom: 81-3-6860-4822 **
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