Asian Economic News

Japan M2 Money Stock Rises 3.8% On Year In June

The M2 money stock in Japan was up 3.8 percent on year in June, the Bank of Japan said on Tuesday - worth 849.4 trillion yen.

That exceeded expectations for a 3.4 percent increase following the upwardly revised 3.5 percent gain in May (originally 3.4 percent).

The M3 money stock added an annual 3.0 percent to 1,158.2 trillion yen - also beating forecasts for a 2.9 percent increase following the 2.8 percent gain in the previous month.

The L money stock climbed 3.2 percent on year to 1,509.4 trillion yen after rising a revised 2.7 percent a month earlier.

by RTTNews Staff Writer

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