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Japan M2 Money Stock Up 2.9% On Year In Jan

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The M2 money stock plus CDs was up 2.9 percent on year in January, the Bank of Japan said on Monday, standing at 766.5 trillion yen. That was slightly below analyst expectations for a 3.0 percent annual increase following the revised 3.1 percent annual gain in December.

The M3 money stock climbed 2.1 percent on year to 1,066 trillion yen - again, roughly in line with expectations for a 2.2 percent annual increase after the 2.2 percent annual gain a month earlier.

Seasonally adjusted at an annualized rate, M2 was up 2.8 percent, while M3 added 1.9 percent.

The L money stock was up 1.2 percent on year.

(Market News Provided by RTTNews)

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