Japan M2 Money Stock Gains 2.7% On Year

TOKYO (Alliance News) - The M2 money stock in Japan was up 2.7% on year in October, the Bank of ...

Alliance News 9 November, 2018 | 12:20AM
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TOKYO (Alliance News) - The M2 money stock in Japan was up 2.7% on year in October, the Bank of Japan said on Friday - coming in at 1,007.5 trillion yen.

That was shy of expectations for an increase of 2.8%, which would have been unchanged from the September reading.

The M3 money stock was up an annual 2.3% to 1,339.0 trillion yen. That also missed forecasts for 2.4% and was down from 2.5% in the previous month.

The L money stock was up 2.2% on year to 1,788.8 trillion yen - slowing from 2.3% a month earlier.

Copyright RTT News/dpa-AFX

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