Track JN M2 Money Stock y/y to gauge inflation trends and interest rate directions, essential for investment strategies.
There is a positive correlation with interest rates. Early in the economic cycle, an increase in the money supply boosts spending and investment. Conversely, later in the cycle, a larger money supply can contribute to inflation. This information is often found in the Monetary Base report, released approximately a week earlier.
What it Measures
Represents the change in the total amount of domestic currency in circulation and held in banks.
Usual Effect
A higher actual figure compared to the forecast is beneficial for the currency.
Source & Frequency
Bank of Japan (latest release) - https://www.boj.or.jp/en/index.htm/ • Published monthly, around 11 days after the conclusion of the month.
How Data is Derived
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Also Known As
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Acronym
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