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Japan Aug M3 money supply up 1.0 pct year/year

Sun Sep 7, 2008 8:11pm EDT
 
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 (For more stories on the Japanese economy click [ID:nECONJP])
 TOKYO, Sept 8 (Reuters) - Japan's M3 money supply rose 1.0
percent in August from a year earlier, the Bank of Japan said on
Monday, above the market consensus forecast for a 0.9 percent
rise.
 The Bank of Japan revamped the money supply data from figures
released in June to reflect changes such as the start of Japan
Post's privatisation, a rise in issuance of bank bonds and an
increase in privately subscribed investment trusts.
 The new M3 money supply data includes deposits at all
deposit-savings institutions, including Japan Post and small
agricultural institutions.
 The M2 is similar to the previous benchmark M2 plus CDs
(certificates of deposit), although there are slight differences.
 Following is a breakdown of daily average figures for money
supply (preliminary, with percentage changes; some previous
figures may be revised, economists' median forecasts in brackets)
 Year-on-year         AUG           JULY    JUNE   AUG YEAR AGO
 M2                   +2.4 (+2.1)   +2.1    +2.2    +1.8
 M3                   +1.0 (+0.9)   +0.8    +0.9    +0.3
 Broadest liquidity   +0.8 (+0.6)   +0.7*   +0.9    +3.1
 (* denotes revised figure.)
 To view the full tables, go to
here
 (Reporting by Hideyuki Sano)






















 

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