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Japan money supply rises, fall in loans eases
10/14/2005
TOKYO, Oct 13 (Reuters): Growth in Japan's money supply accelerated in September while a decline in outstanding bank loans slowed, data showed today, adding to evidence of a steady recovery in business conditions.
Separate data showed the current account surplus fell 15.6 per cent in August from a year earlier as oil prices jacked up the value of imports, but the fall was expected and economists said the economy faring well despite higher energy costs.
Japan's most widely watched measure of money supply, M2 plus certificates of deposit (CDs), rose 2.1 per cent in September from a year earlier, the Bank of Japan said.
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