Japan M2 Money Stock Jumps 0.9% On Year In June


The M2 money stock was up 0.9 percent on year in June, the Bank of Japan said on Wednesday – coming in at 1,268.4 trillion yen.

That topped expectations for an annual increase of 0.2 percent and was up from 0.6 percent in May.

The M3 money stock rose 0.4 percent to 1,616.2 trillion yen, accelerating from 0.2 percent in the previous month.

The L money stock was up 1.5 percent for the second straight month, this time coming in at 2,204.8 trillion yen.

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