Bank of Japan (BoJ) Monetary Base y/y

Country:
Japan
JPY, Japanese yen
Source:
Sector:
Money
Low 2.3% 3.2%
2.8%
Last release Importance Actual Forecast
Previous
2.1%
2.3%
Next release Actual Forecast
Previous
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Although the Bank of Japan is not a governmental administrative body, monetary policy is considered to belong to the administrative category, and is regarded as being in accordance with the Independent Administrative Committee. While long-term price stability is macroeconomically important, the political sector tends to prefer to adopt a short-term approach, so autonomy from the perspective of long-term public interest security and political neutrality Independence is recognized.

BoJ Monetary Base y/y reflects a change in the total amount of JPY in circulation (including coins and banknotes) and on all bank accounts including the accounts of credit organizations in the country's central bank in the specified month compared to the same month of the previous year.

The monetary base is used to generate the money supply. It measures the fluctuations in the total amount of current accounts held by the local currency and Japan banks in circulation. This index defines the country's inflation: as the supply of money increases, additional expenditure occurs and it leads to inflation. The index value above the predicted value is considered positive for the Japanese yen.

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”. Japan is a cash-based country compared to other developed countries, but in recent years the government has supported the move towards cashlessness.

Last values:

actual data

forecast

The chart of the entire available history of the "Bank of Japan (BoJ) Monetary Base 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
2.3%
3.2%
2.8%
Mar 2020
2.8%
3.7%
3.6%
Feb 2020
3.6%
3.2%
2.9%
Jan 2020
2.9%
3.1%
3.2%
Dec 2019
3.2%
2.8%
3.3%
Nov 2019
3.3%
2.6%
3.1%
Oct 2019
3.1%
2.9%
3.0%
Sep 2019
3.0%
3.4%
2.8%
Aug 2019
2.8%
3.9%
3.7%
Jul 2019
3.7%
3.2%
4.0%
Jun 2019
4.0%
2.2%
3.6%
May 2019
3.6%
2.0%
3.1%
Apr 2019
3.1%
2.9%
3.8%
Mar 2019
3.8%
3.7%
4.6%
Feb 2019
4.6%
4.4%
4.7%
Jan 2019
4.7%
5.2%
4.8%
Dec 2018
4.8%
7.0%
6.1%
Nov 2018
6.1%
6.3%
5.9%
Oct 2018
5.9%
5.7%
5.9%
Sep 2018
5.9%
5.4%
6.9%
Aug 2018
6.9%
5.5%
7.0%
Jul 2018
7.0%
7.4%
7.4%
Jun 2018
7.4%
8.4%
8.1%
May 2018
8.1%
7.6%
7.8%
Apr 2018
7.8%
8.3%
9.1%
Mar 2018
9.1%
8.7%
9.4%
Feb 2018
9.4%
9.6%
9.7%
Jan 2018
9.7%
11.4%
11.2%
Dec 2017
11.2%
12.9%
13.2%
Nov 2017
13.2%
14.1%
14.5%
Oct 2017
14.5%
14.2%
15.6%
Sep 2017
15.6%
17.4%
16.3%
Aug 2017
16.3%
14.5%
15.6%
Jul 2017
15.6%
16.7%
17.0%
Jun 2017
17.0%
18.1%
19.4%
May 2017
19.4%
19.7%
19.8%
Apr 2017
19.8%
20.3%
Mar 2017
20.3%
21.4%
Feb 2017
21.4%
22.6%
Jan 2017
22.6%
23.1%
Dec 2016
23.1%
21.5%
Nov 2016
21.5%
22.1%
Oct 2016
22.1%
22.7%
Sep 2016
22.7%
24.2%
Aug 2016
24.2%
24.7%
Jul 2016
24.7%
25.4%
Jun 2016
25.4%
25.5%
May 2016
25.5%
26.8%
Apr 2016
26.8%
28.5%
Mar 2016
28.5%
29.0%

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