Bank of Japan (BoJ) M2 Money Stock y/y

Country:
Japan
JPY, Japanese yen
Source:
Sector:
Money
Low 3.7% 3.4%
3.3%
Last release Importance Actual Forecast
Previous
3.8%
3.7%
Next release Actual Forecast
Previous
  • Overview
  • Chart
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  • Widget

Bank of Japan's M2 Money Stock y/y reflects the entire stock of the currency in cash as well as of other liquid assets used in the country's economy. The index reflects changes in the given month compared to the same month of the previous year.

The M2 monetary stock includes cash and residual assets which enterprises and individuals can use for making payments. This, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. Please note that methodology of calculating money supply varies between countries.

The index measures the inflation in the country. Excess money supply growth potentially can cause inflation and generate fears that the government may tighten money growth by allowing the interest rates to rise which in turn, lowers future prices.

The Bank of Japan has rapidly increased the supply of Japanese yen, but it did not result in inflation. Many Japanese tend to save money, and in particular the elderly tend to prefer cash savings, which are called “Tansu Yokin”.

A higher than expected index should be taken as positive/bullish for JPY, while a lower than expected index should be taken as negative/bearish for JPY.

Last values:

actual data

forecast

The chart of the entire available history of the "Bank of Japan (BoJ) M2 Money Stock y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Apr 2020
3.7%
3.4%
3.3%
Mar 2020
3.3%
3.1%
3.0%
Feb 2020
3.0%
2.8%
2.8%
Jan 2020
2.8%
2.6%
2.7%
Dec 2019
2.7%
2.9%
2.7%
Nov 2019
2.8%
2.5%
2.4%
Oct 2019
2.5%
2.6%
2.4%
Sep 2019
2.4%
2.6%
2.4%
Aug 2019
2.4%
2.2%
2.3%
Jul 2019
2.4%
2.1%
2.3%
Jun 2019
2.3%
2.8%
2.6%
May 2019
2.7%
2.6%
2.5%
Apr 2019
2.6%
2.3%
2.4%
Mar 2019
2.4%
2.4%
2.4%
Feb 2019
2.4%
2.5%
2.3%
Jan 2019
2.4%
2.6%
2.4%
Dec 2018
2.4%
2.7%
2.3%
Nov 2018
2.3%
2.8%
2.7%
Oct 2018
2.7%
2.8%
2.8%
Sep 2018
2.8%
2.8%
2.9%
Aug 2018
2.9%
3.0%
2.9%
Jul 2018
3.0%
3.3%
3.1%
Jun 2018
3.2%
3.4%
3.2%
May 2018
3.2%
3.5%
3.2%
Apr 2018
3.3%
3.3%
3.1%
Mar 2018
3.2%
3.2%
3.2%
Feb 2018
3.3%
3.3%
3.4%
Jan 2018
3.4%
3.6%
3.6%
Dec 2017
3.6%
4.0%
4.0%
Nov 2017
4.0%
4.2%
4.1%
Oct 2017
4.1%
4.3%
4.0%
Sep 2017
4.1%
4.2%
4.0%
Aug 2017
4.0%
3.9%
4.0%
Jul 2017
4.0%
3.6%
3.9%
Jun 2017
3.9%
3.8%
3.8%
May 2017
3.9%
4.4%
4.0%
Apr 2017
4.3%
4.3%
4.2%
Mar 2017
4.3%
4.2%
Feb 2017
4.2%
4.0%
Jan 2017
4.1%
4.0%
Dec 2016
4.0%
3.9%
Nov 2016
4.0%
3.7%
Oct 2016
3.7%
3.5%
Sep 2016
3.6%
3.3%
Aug 2016
3.3%
3.4%
Jul 2016
3.3%
3.5%
Jun 2016
3.4%
3.4%
May 2016
3.4%
3.3%
Apr 2016
3.3%
3.2%
Mar 2016
3.2%
3.2%

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