10 October 2003, 04:31  Japan Sept M2+CDs up 1.8 pct yr-on-yr vs 2.0 pct rise in Aug

The most widely watched measure of money supply, M2+CDs, rose 1.8 pct in September from a year earlier, following a 2.0 pct increase in August, the Bank of Japan said in a preliminary report.
The figure for M2 money supply covers cash in circulation, ordinary bank deposits, time deposits and certificates of deposit.
Near-money -- cash equivalents and other assets that are easily convertible into cash -- declined 1.0 pct year-on-year in September, after shrinking by 0.7 pct the previous two months.
The narrow measure of money supply, M1, increased 5.8 pct, after expanding by a revised 5.4 pct in August. The previous month's figure was initially reported as a 5.5 pct rise.
Certificates of deposit declined by 16.3 pct, after dropping by a revised 11.5 pct in August.

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