— Japan Apr M2 Money Stock +2.6% Y/Y Vs Mar +3.0%
— Japan Apr M3 Money Stock +2.3% Y/Y Vs Mar +2.6%
TOKYO (MNI) – Japan’s money stock, measured by the key M2
aggregate, rose 2.6% in April from a year earlier, with the pace of
growth decelerating to a 12-month low from the 3.0% rise in March, data
from the Bank of Japan showed on Friday.
The April growth came in lower than the average economist forecast
for +2.9% in a MNI survey. It was the lowest gain since +2.6% in March
2011.
In recent months, money growth peaked at +3.2% in December 2011,
which was the highest rise since November 2009, when M2 was up 3.3%.
The broader M3 money stock aggregate in April rose 2.3% on year,
also slowing from +2.6% in March.
Quasi-money — cash equivalents and other assets that are easily
convertible into cash — rose 0.8% in April from a year earlier after
rising 0.6% in March.
The narrow measure of money supply, M1, which consists of currency
in circulation and deposit money, rose 3.3% y/y in April after rising
4.4% in the previous month.
Certificates of deposit were up 13.0% in April after +7.0% in
March.
tokyo@marketnews.com
** MNI Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,MMJBJ$,MAJDS$,M$A$$$]
