— Japan Feb M3 Money Stock +2.5% Y/Y Vs Jan +2.6%
TOKYO (MNI) – Japan’s money stock, measured by the key M2
aggregate, rose 2.9% in February from a year earlier, with the pace of
growth decelerating from a revised 3.1% rise (preliminary 3.0%) in
January, data from the Bank of Japan showed on Friday.
In recent months, money growth peaked at +3.2% in December, which
was the highest rise since November 2009, when M2 was up 3.3%.
The broader M3 money stock aggregate rose 2.5% y/y in February
after rising 2.6% in January and December, which was the highest rise on
record.
Quasi-money — cash equivalents and other assets that are easily
convertible into cash — rose 0.6% in February from a year earlier after
rising 0.5% in January.
The narrow measure of money supply, M1, which consists of currency
in circulation and deposit money, rose 4.9% y/y in February after rising
5.1% in January.
Certificates of deposit were down 0.5% in February after falling
0.9% in January.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,MMJBJ$,MAJDS$,M$A$$$]
