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Japan's Money Supply Grows in April |
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Asian Economy |
Written by CEP News |
May 12 08 12:02 GMT |
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(CEP NEWS) - The Bank of Japan (BOC) reported that the April money supply increased 1.9% in year-over-year figures. This was below the 2.2% expectation and less than the 2.3% March year-over-year amount.
The M1 money supply also declined 1.2% in April, an increase over the March year-over-year figure of -0.5%. Quasi money grew 5.5% in April, slightly lower than the 5.9% March year-over-year rate. Currency deposits soared to 6.00% in April year-over-year totals, significantly higher than the March 0.4% year-over-year total. Japanese broad liquidity came in at 2.8%, a lower expectation than the 3.1% consensus, and a dropoff from the 3.3% March year-over-year figure. By Steve Stecyk,
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, edited by Cristina Markham,
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