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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Money Supply M2+CD YoY climbed to 3.0% in March 2013
FMPMonthlyReleased April 2013
Japan Money Supply M2+CD YoY climbed to 3.0% in March 2013, released April 2013, up 0.1% from February's 2.9% reading.
Latest Release
3.000000
Actual
—
Consensus
2.900000
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 YoY (Japan) was reported at 3% in March 2013. The reading rose from the previous value of 2.9%.
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 Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Money Supply M2+CD YoY - JP
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About Money Supply M2+CD YoY — Japan
DEFINITION
Money Supply M2+CD YoY is a financial indicator that measures the annual percentage change in the total amount of money in circulation, including cash, checking and savings deposits, and certificates of deposit. It is a key metric used by economists and policymakers to track the growth of the money supply and its impact on the economy. A higher YoY growth in M2+CD indicates an increase in available funds for spending and investment, while a lower growth may signal a decrease in economic activity. This indicator provides valuable insights into the overall health and stability of the financial system.
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 (Apr 2013): actual 3 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.