JN Monetary Base y/y
Track the JN Monetary Base y/y to gauge BOJ policy shifts impacting inflation and forex markets.
Overview
A deviation from the expected path of monetary base growth prompts the central bank to modify its policy in order to uphold its inflation objectives. The Bank of Japan adopted this as its primary operational target in April 2013.
Key Information
What it Measures
This refers to the change in the overall amount of domestic currency circulating and the current account deposits held at the Bank of Japan.
Usual Effect
When the actual figure exceeds the forecast, it is considered beneficial for the currency.
Source & Frequency
Bank of Japan (latest release) - https://www.boj.or.jp/en/index.htm/ • This data is published monthly, specifically on the second business day following the end of the month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
Bank of Japan (BOJ)