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Release of the New Series Retroactive Data of the Money Stock Statistics

Statistics that had been available in the form of time-series data at the Bank's web site are now provided, with a few exceptions, in "BOJ Time-Series Data Search," a new page for data search.  Regardless of the notice below, some links to the time-series data have been removed.

June 3, 2008
Bank of Japan
Research and Statistics Department

As announced in the "Final Draft on the Revision of the Money Stock Statistics-Opinions on the June 2007 Revision Proposal and BOJ Responses," the Bank of Japan will publish the Monetary Stock Statistics on a new basis from the May 2008 preliminary figures to be released on Monday, June 9, 2008.  Prior to the release of these figures, the Bank of Japan has prepared the new series retroactive data covering the past few years (from April 2003 to March 2008).
Click below for the new release format and the new series retroactive data:

The new statistics consist of four indices, namely, M1, M2, M3, and L. As the definitions of these new indices differ from those of former series' (i.e., "M1", "M2+CDs", "M3+CDs", and "Broadly-defined Liquidity"), there is discontinuity between the two series.  The comparison of the average amounts outstanding (as of March 2008) between the two series and the main factors for the difference between the two are as follows (See also Charts 1 and 2).

  • graph

The "Guide to Japan's Money Stock Statistics" that explains the compilation method and notes on usage of the statistics will be revised after the release of the May 2008 figures.

For inquiries, please contact the following section of the Bank of Japan:

Financial Statistics, Research and Statistics Department