Japan Monetary Base growth contracts more than expected to 7.8% versus 9% forecast

Source Fxstreet
  • Japan’s Monetary Base grew less than markets expected, slipping to 7.8%.
  • Markets expected an uptick to 9%.
  • Annualized Monetary Base growth hit 8.9% in November.

December’s YoY Japan Monetary Base slipped to 7.8% growth for the year ended December, coming in less than median market forecasts of 9%, and slipping further back from November’s annualized print of 8.9%.

The seasonally adjusted figure declined steeply, with the Monetary Base declining by 14.5% after cyclical factors were adjusted for.

Market Reaction

The USD/JPY is trading in a tight range at the intraday level, but the Yen appears to be giving up early ground on Friday as the US Dollar continues to push back towards 145.00 against the JPY.

USD/JPY Hourly Chart

About Japan’s Monetary Base

The Monetary Base released by the Bank of Japan is the "Currency Supplied by the BoJ" including all the JPY in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates. An acceleration of monetary base is considered as positive for the JPY, whereas a decline is seen as negative.
 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
AIT, GRT, OCEAN: Crypto data coins see massive rally alongside Bitcoin and AI tokensSora, and Bitcoin’s rally are two major catalysts that have fueled gains in AIT Protocol (AIT), The Graph (GRT) and Ocean Protocol (OCEAN).
Author  FXStreet
Feb 20, 2024
Sora, and Bitcoin’s rally are two major catalysts that have fueled gains in AIT Protocol (AIT), The Graph (GRT) and Ocean Protocol (OCEAN).
placeholder
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Author  Mitrade
Dec 26, 2025
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
placeholder
My Top 5 Stock Market Predictions for 2026Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Author  Mitrade
Jan 06, Tue
Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
placeholder
Gold plummets below $4,200 as US‑Iran tensions spur hawkish rate bets ahead of US CPIGold (XAU/USD) extends the recent breakdown momentum below a technically significant 200-day Simple Moving Average (SMA) and drops to a fresh low since March 23, further below the $4,200 mark during the Asian session on Wednesday.
Author  FXStreet
Jun 10, Wed
Gold (XAU/USD) extends the recent breakdown momentum below a technically significant 200-day Simple Moving Average (SMA) and drops to a fresh low since March 23, further below the $4,200 mark during the Asian session on Wednesday.
placeholder
WTI steadies around $85.00 as Trump indicates potential Iran dealWest Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Author  FXStreet
Yesterday 01: 24
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Related Instrument
goTop
quote