Japan M2 Growth

Key information about Japan M2 Growth

• Japan Money Supply M2 increased 1.6 % YoY in Jan 2026, compared with a growth of 1.7 % in the previous month
• Japan Money Supply M2 growth data is updated monthly, available from Jan 1968 to Jan 2026
• The data reached an all-time high of 28.5 % in Nov 1972 and a record low of -0.6 % in Oct 1992

CEIC calculates M2 Growth Rate from monthly M2. The Bank of Japan provides M2 in local currency. Average M2 is used. M2 Growth Rate prior to April 2004 includes Certificates of Deposits and prior to April 1999 excludes Foreign Banks.


Further information about Japan M2 Growth

• In the latest reports, Japan Foreign Exchange Reserves was measured at 1,186.5 USD bn in Jan 2026
• The Foreign Exchange Reserves equaled 17.9 Months of Import in Dec 2025
• Japan Domestic Credit reached 11,701.9 USD bn in Nov 2025, representing an drop of 1.1 % YoY
• The country's Non Performing Loans Ratio stood at 1.1 % in Mar 2025, compared with the ratio of 1.2 % in the previous half a year
• Household Debt of Japan reached 2,713.4 USD bn in Sep 2025, accounting for 61.1 % of the country's Nominal GDP

View Japan's M2 Growth from Jan 1968 to Jan 2026 in the chart:

What was Japan's M2 Growth in Jan 2026?

Japan Money Supply M2 increased 1.6 % YoY in Jan 2026, compared with a growth of 1.7 % in the previous month See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
1.6 Jan 2026	1.7 Dec 2025	-0.6 Oct 1992	28.5 Nov 1972	%	monthly	Jan 1968 - Jan 2026

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