Global Economic News

Japan M2 Money Stock Rises 3.0% On Year

The M2 money stock in Japan was up 3.0 percent on year in August, the Bank of Japan said on Tuesday, coming in at 875.2 trillion yen.

That topped expectations for an increase of 2.9 percent, and it was unchanged from the previous two months.

The M3 money stock was up 2.4 percent to 1,188.3 trillion yen - matching forecasts following the upwardly revised 2.5 percent increase in July (originally 2.4 percent).

The L money stock added an annual 2.9 percent for the third straight month, coming in at 1,560.2 trillion yen.

by RTTNews Staff Writer

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