FX.co ★ Japan’s M3 Money Supply Edges Higher in January, Signals Stable Liquidity Conditions

Japan’s broad money supply (M3) posted a marginal increase in January 2026, underscoring stable liquidity conditions in the world’s third-largest economy. According to the latest data, updated on 9 February 2026, M3 rose to 2,244.9 billion yen, up slightly from 2,244.7 billion yen recorded in December 2025.

The incremental uptick suggests that overall money stock in the Japanese economy is broadly steady, with no sharp shifts in banking deposits or money-like assets between December and January. While the move is modest in scale, it may still be monitored by market participants as a gauge of underlying financial conditions and the backdrop against which future monetary policy decisions will be assessed.