Japan may Money Supply up 10.2 pct

Japan’s broadly defined money supply average of M-2 plus certificates of deposit (CD) jumped a preliminary 10.2 pct in May from a year earlier, the Bank of Japan said.

The increase is the largest year-on-year rise since March 1982 when the money supply gained 10.5 pct.

The money supply had increased 9.8 pct in April.

The seasonally adjusted average in May rose 1.0 pct from the previous month.

Unadjusted M-2 plus CDs were an average 347,200 billion yen in May against 345,500 billion in April.