Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Money Supply M2+CD climbed to 2.9% in February 2013
FMPMonthlyReleased March 2013
Japan Money Supply M2+CD climbed to 2.9% in February 2013, released March 2013, up 0.2% from January's 2.7% reading.
Latest Release
2.900000
Actual
—
Consensus
2.700000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Money Supply M2+CD (Japan) was reported at 2.9% in February 2013. The reading rose from the previous value of 2.7%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
SHARE
Money Supply M2+CD - JP
Loading chart data...
About Money Supply M2+CD — Japan
DEFINITION
Money Supply M2+CD is a financial indicator that measures the total amount of money in circulation within an economy, including physical currency, demand deposits, and other liquid assets. It also takes into account the amount of time deposits and other highly liquid assets that can be quickly converted into cash. This indicator provides valuable insights into the overall health and stability of an economy, as well as its potential for inflation and economic growth. It is often used by economists and policymakers to inform monetary policy decisions and assess the current state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 2.9 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.