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Asian Economic News

Japan M2 Money Stock Climbs 4.2%

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The M2 money stock in Japan jumped 4.2 percent on year in December, the Bank of Japan said on Wednesday, standing at 862.8 trillion yen.

The headline figure was shy of forecasts for an increase of 4.3 percent and down from the upwardly revised 4.4 percent gain in November (originally 4.3 percent).

The M3 money stock added an annual 3.4 percent to 1,174.6 trillion yen - matching expectations and down from the upwardly revised 3.5 percent in the previous month (originally 3.4 percent).

The M1 money stock jumped an annual 5.6 percent to 576.5 trillion yen after gaining a revised 5.8 percent in November. Among the M1 components, currency in circulation was up 3.4 percent and deposit money collected 6.0 percent.

The L money stock gained 4.4 percent on year to 1,531.5 trillion yen, slowing from the 4.5 percent increase a month earlier.

For the fourth quarter of 2013, the M2 money stock was up 4.2 percent on year after rising 3.8 percent in the third quarter.

The M3 money stock was up 3.4 percent after gaining 3.1 percent in the previous three months, while the M1 stock climbed to 5.6 percent from 5.2 percent. Currency in circulation was up 3.3 percent, while deposit money added 6.0 percent.

The L money stock accelerated to 4.4 percent from 3.5 percent in Q3.

For all of 2013, the M2 money stock gained 3.6 percent on year and M3 was up 2.9 percent and L stock climbed 4.4 percent.

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