A post by @FirstSquawk on X.
JAPAN OCTOBER MONEY STOCK M2 ROSE 1.7% YOY, DOWN FROM 1.9%, WITH M3 UP 0.9%, DOWN FROM 1.1%
@FirstSquawk on X
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Japan’s October money stock M2 rose 1.7% year over year, slowing from 1.9% in September, while M3 increased 0.9%, down from 1.1%. The deceleration in both broad money measures signals softer liquidity growth in the world’s fourth-largest economy. The data comes as the Bank of Japan continues to weigh the pace of monetary normalization amid persistent yen weakness and uneven domestic demand. Slower money stock expansion may reinforce expectations that policymakers will proceed cautiously on further rate increases. Investors will watch upcoming BOJ communications and inflation data for confirmation of whether the cooling in money growth is sustained.
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Named in this story
Japan, Bank of Japan