AI Data Insight
Japan's real M3 money supply for Q2 2026 (April observation point) reached 1640.5 trillion yen, a significant increase of 14.5 trillion yen compared to the previous period's Q1 (March) figure of 1626.0 trillion yen. Influenced by the rise in crude oil prices driven by conflicts in the Middle East, defensive funding demands from businesses and households have strengthened, pushing up the overall money stock. Looking ahead, the Bank of Japan's monetary policy responses and real wage growth will be key in determining the future direction of liquidity.