Bank of Japan (BoJ) Monetary Base y/y

Country:
Japan
JPY, Japanese yen
Source:
Sector:
Money
Low 2.8% 4.3%
3.9%
Last release Importance Actual Forecast
Previous
1.0%
2.8%
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
Jul 2022
2.8%
4.3%
3.9%
Jun 2022
3.9%
6.3%
4.6%
May 2022
4.6%
7.3%
6.6%
Apr 2022
6.6%
6.6%
7.9%
Mar 2022
7.9%
5.7%
7.6%
Feb 2022
7.6%
6.8%
8.4%
Jan 2022
8.4%
7.8%
8.3%
Dec 2021
8.3%
8.6%
9.3%
Nov 2021
9.3%
8.1%
9.9%
Oct 2021
9.9%
10.4%
11.7%
Sep 2021
11.7%
12.6%
14.9%
Aug 2021
14.9%
13.1%
15.4%
Jul 2021
15.4%
17.1%
19.1%
Jun 2021
19.1%
22.1%
22.4%
May 2021
22.4%
25.2%
24.3%
Apr 2021
24.3%
21.9%
20.8%
Mar 2021
20.8%
20.5%
19.6%
Feb 2021
19.6%
20.1%
18.9%
Jan 2021
18.9%
19.0%
18.3%
Dec 2020
18.3%
17.6%
16.5%
Nov 2020
16.5%
18.1%
16.3%
Oct 2020
16.3%
16.3%
14.3%
Sep 2020
14.3%
13.5%
11.5%
Aug 2020
11.5%
11.4%
9.8%
Jul 2020
9.8%
6.3%
6.0%
Jun 2020
6.0%
2.6%
3.9%
May 2020
3.9%
2.1%
2.3%
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%

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