Japan M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Japan's m2 money supply growth was -1.59% in 2025, ranked 117th globally. This represents a 1,280.0% decrease from 2024. Data from World Bank, covering 1961–2025.
Overview
Japan's m2 money supply growth stood at -1.59% in 2025, a decline of +1.73pp from 2024. Based on recent trends, this figure is projected to reach -1.59% by 2025. Japan ranked 117th globally.
Japan’s M2 money‑supply growth has turned sharply negative, registering –1.59 % in 2025, which places the country at 117th globally. The slowdown follows a historic high of 67.39 % in 1970, when rapid post‑war expansion and accommodative monetary policy fueled credit growth, and a deep trough of –17.24 % in 2001, reflecting the deflationary pressures of the “lost decade.” Over the 65‑year series, the average annual change has fallen from a 15.73 % increase in 1961 to persistent contraction in recent years, mirroring Japan’s aging population, weak demand and the Bank of Japan’s shift toward yield‑curve control rather than outright expansion. Peer economies with similar recent declines, such as Norway (–1.83 %) and Seychelles (–1.47 %), illustrate that advanced and small open economies alike are grappling with limited monetary stimulus effectiveness. If structural reforms boost domestic consumption and productivity, the trajectory could reverse, but absent such changes the negative growth pattern is likely to persist.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -4.64% | - | - |
| 2026* trend | -3.12% | - | - |
| 2025* trend | -1.59% | - | - |
| 2025 | -1.59% | −1.73pp | #117 |
| 2024 | 0.14% | −2.02pp | #4 |
| 2023 | 2.16% | −0.11pp | #24 |
| 2022 | 2.27% | −0.68pp | #14 |
| 2021 | 2.95% | −4.41pp | #18 |
| 2020 | 7.35% | +5.27pp | #33 |
| 2019 | 2.08% | −0.25pp | #23 |
| 2018 | 2.33% | −1.15pp | #22 |
| 2017 | 3.49% | −0.36pp | #35 |
| 2016 | 3.85% | +0.85pp | #37 |
| 2015 | 3.00% | +0.13pp | #28 |
| 2014 | 2.86% | −0.69pp | #16 |
| 2013 | 3.55% | +1.37pp | #21 |
| 2012 | 2.18% | −0.74pp | #16 |
| 2011 | 2.92% | +1.11pp | #21 |
Detected Pattern
Analysis
Japan matched the Export Boom Cycle pattern in 2004. Historically, 71% of countries showing this pattern (546 out of 768) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Japan's m2 money supply growth was -1.59% in 2025. Ranked 117th globally. This represents a 1,280.0% decrease from the previous year.
Japan's m2 money supply growth peaked at 67.39% in 1970.
The lowest m2 money supply growth in Japan was -17.24% in 2001.
Japan ranks 117th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Japan's m2 money supply growth is projected to reach -1.59% by 2025 based on trend extrapolation.
The m2 money supply growth of Japan in 2025 was -1.59%. This ranks 117th in the world.
Cite this page
@misc{historysaid_japan_m2-growth,
title = {Japan M2 Money Supply Growth},
url = {https://historysaid.com/japan/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}