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Japan M2 Money Stock Climbs 4.4% In January

The M2 money stock in Japan jumped 4.4 percent on year in January, the Bank of Japan said on Wednesday, coming in at 866.5 trillion yen.

That exceeded expectations for an increase of 4.2 percent following the upwardly revised 4.3 percent increase in December (originally 4.2 percent).

The M3 money stock gained 3.5 percent on year to 1,178.6 trillion yen - also topping forecasts for an increase of 3.4 percent, which would have been unchanged from the previous month.

The L money stock was up an annual 4.4 percent to 1,536.4 trillion yen after rising 4.5 percent a month earlier.

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