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Japan M2 Money Stock Rises 3.8% In September

The M2 money stock in Japan was up 3.8 percent on year in September, the Bank of Japan said on Friday, worth 850.8 trillion yen.

That matches forecasts and is unchanged from the August reading following an upward revision from 3.7 percent.

The M3 money stock was up 3.1 percent on year to 1,161.0 trillion yen - beating forecasts for 3.0 percent, which would have been unchanged from the previous month.

The L money stock added an annual 3.7 percent to 1,512.4 trillion yen, acceleration from the 3.6 percent gain in August.

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