Japan | Broad money growth (annual %)

Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
State of Japan
Records
63
Source
Japan | Broad money growth (annual %)
year value
1960
1961 15.72825145
1962 61.02437981
1963 23.95909423
1964 15.29436974
1965 17.99089304
1966 16.2597464
1967 15.49639264
1968 14.82784914
1969 18.50385657
1970 67.39153861
1971 24.18499253
1972 24.96889645
1973 18.96793462
1974 14.06086556
1975 16.9649244
1976 15.50528203
1977 13.72572091
1978 14.41174364
1979 11.15230646
1980 9.64816762
1981 11.77422393
1982 9.29388246
1983 8.48745208
1984 7.86693712
1985 8.74463766
1986 9.18287738
1987 9.42756697
1988 9.08166244
1989 10.99318551
1990 6.85224079
1991 5.548687
1992 3.29045899
1993 4.41934542
1994 4.18713199
1995 4.07282908
1996 3.80394885
1997 5.81007844
1998 3.13639066
1999 2.80224202
2000 1.33556463
2001 -17.2393877
2002 0.923447
2003 0.54050419
2004 0.62188097
2005 0.21933756
2006 -0.71363612
2007 0.67582749
2008 0.85816757
2009 2.10638854
2010 1.81456022
2011 2.91805566
2012 2.20891198
2013 3.52488292
2014 2.85578282
2015 2.99241538
2016 3.85730356
2017 3.47761469
2018 2.33661337
2019 2.08243583
2020 7.34506246
2021 2.94726944
2022 2.20425595

Japan | Broad money growth (annual %)

Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
State of Japan
Records
63
Source