JN Monetary Base y/y | Metals Mine

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    Central Bank Rates

    Legend

    • High Impact Expected
    • Med Impact Expected
    • Low Impact Expected
    • Non-Economic
    • Revision
    • Green NumberBetter than forecast -or- revised better
    • Red NumberWorse than forecast -or- revised worse
    • m/mMonth Over Month
    • q/qQuarter Over Quarter
    • y/yYear Over Year
    • K Thousand
    • M Million
    • B Billion
    • T Trillion

    JN Monetary Base y/y

    Latest
    Jul 1 2026, 7:50pm
    Actual
    -13.7%
    Upcoming
    Aug 3 2026, 7:50pm

    Deviation from the planned trajectory for monetary base growth leads the central bank to adjust policy out of respect for their inflation mandate;

    The BOJ began using this as its main operating target in Apr 2013;

    • JN Monetary Base y/y Graph
    • History
    Expected Impact / Date Actual Forecast Previous
    Jul 1, 2026 -13.7% -10.0% -12.2%
    Jun 1, 2026 -12.2% -9.5% -11.3%
    May 6, 2026 -11.3% -10.5% -11.6%
    Apr 1, 2026 -11.6% -10.8% -10.6%
    Mar 2, 2026 -10.6% -9.8% -9.5%
    Feb 2, 2026 -9.5% -10.3% -9.8%
    Jan 5, 2026 -9.8% -8.0% -8.5%
    Dec 1, 2025 -8.5% -8.5% -7.8%
    • Details

    Specs

    Source:
    Bank of Japan (latest release)
    Measures:
    Change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ;
    Usual Effect:
    'Actual' greater than 'Forecast' is good for precious metals;
    Frequency:
    Released monthly, on the second business day after the month ends;
    Acro Expand:
    Bank of Japan (BOJ);
    Event Type:
    Central Bank

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