Economic calendar
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Wednesday 4 November 2026Today
JPY Monetary Base (YoY) – JapanMonetary Base y/y Forecast -14.0%Previous -15.2%
- What it is
- Data from the Bank of Japan (BoJ) showing the yearly change in the monetary base, which is the cash in circulation plus the deposits financial institutions hold at the BoJ.
- Why it matters
- It gives a sense of how much liquidity the BoJ is supplying and the direction of its policy, but its importance for markets is usually low.
- Usual market reaction
- Markets compare the actual figure with the forecast. Faster-than-expected growth may suggest looser policy and tends to weigh slightly on the JPY, while a lower-than-expected or negative figure may suggest less stimulus and often supports the JPY. The reaction is usually mild compared with BoJ meetings or speeches.
Calendar data from Forex Factory. Explanations are written by AI for education, not investment advice.