Japan's money stock up 2.6% on year in March

16:09, April 12, 2010      

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A key measure of the amount of money available in Japan rose by 2.6 percent in March when compared to the same month a year earlier, statistics released by the Bank of Japan (BOJ) showed on Monday.

Money stock figures released by the BOJ showed that M2, a measure that combines cash currency in circulation and deposits throughout the nation, stood at 766 trillion yen (8.21 trillion dollars) in March. The measure is made using data from all banks in Japan and combines the amount of money held by corporations, individuals and local governments. In February, M2 stood at 763.5 trillion yen (8.19 trillion dollars).

The nation's M3 money supply, which adds together M2 with institutional money-market funds, short-term repurchase agreements and other larger liquid assets, rose by 2.0 percent when compared with a year earlier, and stands at 1,063.1 trillion yen (11.4 trillion dollars).

M1, which consists of money in circulation as well as demand deposits grew by 1.0 percent to 487.9 trillion yen (5.24 trillion dollars).

As the government and Bank of Japan try to tackle the nation's poor conditions for business, stimulus measures, deflation and a reluctance on the part of businesses to invest has led to more money circulating in the economy in recent months.



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