• Low Impact

• JPY - Monetary Base (YoY) - Oct.
  
  November 03, 2009 23:50 GMT
  • Actual
    4.4%
  • Forecast
    
  • Previous
    4.50%

• Source:
• Bank of Japan (BOJ)

• Measures (What does it measure?):
• Change in the total amount of yen in circulation and current account deposits.

• Frequency:
• Monthly. At the end of the following month.

• Purpose (Why should traders care?):
• Monetary base usually shows the immediate impact of monetary policy actions and is an inflation indicator. Nonetheless, the interpretation of this number can be tricky. An elevated currency level can either stimulate growth, creating an inflationary effect, or lead to a drop in demand, causing a lower currency valuation. Ultimately, this number should be taken into account with other indicators.

• Also Known As: