AI Data Insight
In the first quarter of 2026, Japan's M1 money supply reached 1,089.71 trillion yen, a slight increase from 1,085.447 trillion yen in the previous quarter. Against the backdrop of the Bank of Japan (BOJ) maintaining its benchmark interest rate unchanged at 0.75% in March, corporate and household capital liquidity remains robust. With the "Shunto" wage negotiations sending positive signals, the slight expansion in money supply confirms that the overall economy is in a moderate recovery cycle driven by income-led spending.