AI Data Insight
Japan's real M2 money supply in Q2 2026 climbed to 1295.6 trillion yen, expanding slightly from the previous 1295.4 trillion yen and continuing to hit record highs. The annual growth rate reached 2.3%, significantly beating the market expectation of 1.9%, with strong growth in quasi-money and bank lending serving as the key drivers. Looking ahead, as inflation officially shifts to demand-pull, the market is closely focusing on the impact of the Bank of Japan's potential pace of rate hikes on the subsequent credit environment.