Indicator Digest - CMS Forex

Money Supply

There are different way to measure the growth of the money supply, with each country varying in their preferences. As more money is printed and put into circulation, it has an effect of increasing inflation, which would tend to lead to higher interest rates.

Main Indicator: M2+CD Money Supply y/y

Most Recent Release

July
7th, 2008

Actual

Forecast

Revised Form

2.3%

2.0%

N/A

Table of Past Data

	10/10	11/7	12/9	1/10	2/7	3/9	4/9	5/11	6/8	7/7

Actual	1.7%	1.9%	2.0%	2.1%	2.1%	2.3%	2.2%	1.9%	2.0%	2.3%
Forecast	1.8%	1.7%	1.9%	2.0%	2.1%	2.1%	2.4%	2.2%	2.0%	2.0%
Previous	1.8%	1.7%	1.9%	2.0%	2.1%	2.1%	2.3%	2.2%	1.9%	2.0%
Revised From	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Secondary Indicator: Monetary Base y/y

Most Recent Release

August
3rd, 2008

Actual

Forecast

Revised Form

-0.7%

0.4%

N/A

For July

Table of Past Data

	11/1	12/3	1/6	2/3	3/3	4/1	5/1	6/2	7/1	8/3

Actual	0.5%	1.0%	0.4%	-0.1%	0.1%	0.0%	-2.8%	-0.9%	0.4%	-0.7%
Forecast	0.6%	0.7%		0.3%	0.1%		-2.3%	-0.9%	0.0%
Previous	0.7%	0.5%	1.0%	0.4%	-0.1%	0.1%	0.0%	-2.8%	-0.9%	0.4%
Revised From	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Past Releases

Monetary Base y/y

July
1st, 2008

Actual

Forecast

Revised Form

0.4%

0.0%

-0.9%

N/A

M2+CD Money Supply y/y

June
8th, 2008

Actual

Forecast

Revised Form

2.0%

1.9%

N/A

Monetary Base y/y

June
2nd, 2008

Actual

Forecast

Revised Form

-0.9%

-2.8%

N/A

M2+CD Money Supply y/y

May
11th, 2008

Actual

Forecast

Revised Form

1.9%

2.2%

N/A

Monetary Base y/y

May
1st, 2008

Actual

Forecast

Revised Form

-2.8%

-2.3%

0.0%

N/A

M2+CD Money Supply y/y

April
9th, 2008

Actual

Forecast

Revised Form

2.2%

2.4%

2.3%

N/A

Monetary Base y/y

April
1st, 2008

Actual

Forecast

Revised Form

0.0%

0.1%

N/A

M2+CD Money Supply y/y

March
9th, 2008

Actual

Forecast

Revised Form

2.3%

2.1%

N/A

Monetary Base y/y

March
3rd, 2008

Actual

Forecast

Revised Form

0.1%

-0.1%

N/A

For February

M2+CD Money Supply y/y

February
7th, 2008

Actual

Forecast

Revised Form

2.1%

N/A

Monetary Base y/y

February
3rd, 2008

Actual

Forecast

Revised Form

-0.1%

0.3%

0.4%

N/A

M2+CD Money Supply y/y

January
10th, 2008

Actual

Forecast

Revised Form

2.1%

2.0%

N/A

For December
Release from Bank of Japan

Monetary Base y/y

January
6th, 2008

Actual

Forecast

Revised Form

0.4%

1.0%

N/A

For December.

Japan's monetary base rose 0.4% in December from a year earlier to 90.78 trillion yen. The rise was smaller than the one experienced in November, and is the 4th straight month of positive growth. Before August, money supply had been shrinking for 18 months.

M2+CD Money Supply y/y

December
9th, 2007

Actual

Forecast

Revised Form

2.0%

1.9%

N/A

For November.

Monetary Base y/y

December
3rd, 2007

Actual

Forecast

Revised Form

1.0%

0.7%

0.5%

N/A

For November

Monetary base grew faster than expected for the 4th straight month of increase. Meanwhile, liquidity in short-term money market is shrinking.

M2+CD Money Supply y/y

November
7th, 2007

Actual

Forecast

Revised Form

1.9%

1.7%

N/A

For October

Money supply grew faster than expected as the broad liquidity in October rose 3.6% on the year.

Monetary Base y/y

November
1st, 2007

Actual

Forecast

Revised Form

0.5%

0.6%

0.7%

N/A

M2+CD Money Supply y/y

October
10th, 2007

Actual

Forecast

Revised Form

1.7%

1.8%

N/A

Money Supply grew 1.7% as the broad liquidity rose 4.1% in September according to the Bank of Japan.