Makrognosis

Japan Narrow Money (M1)

MonthlyNot seasonally adjustedCode JP.M1.M.NSA

Latest (y/y)−0.4%October 2026
Previous (y/y)−0.2%September 2026
Level10,775,902 100M JPYOctober 2026

Japan Narrow Money (M1) was down 0.4% year on year in October 2026, compared with −0.2% in September 2026.

The level stood at 10,775,902 100M JPY.

Among the 9 economies Makrognosis covers on this measure, it is the lowest.

Over the past ten years it has ranged from −0.8% (Sep 2025) to 14.6% (Feb 2021), averaging 5.4%.

Japan Narrow Money (M1), annual % change, Apr 2004 – Oct 2026−5%0%5%10%15%20052010201520202025Robomacro
Japan Narrow Money (M1), annual % change, Apr 2004 – Oct 2026. Source: Bank of Japan.
Japan Narrow Money (M1), level (100M JPY)4M6M8M10M12M20052010201520202025Robomacro
Japan Narrow Money (M1), level (100M JPY).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
October 202610,775,902 100M JPY−0.4
September 202610,817,691 100M JPY−0.2
August 202610,877,264 100M JPY−0.05
July 202610,914,272 100M JPY0.2
June 202610,972,340 100M JPY0.1
May 202611,032,731 100M JPY0.3
April 202611,031,918 100M JPY0.1
March 202610,894,994 100M JPY−0.4
February 202610,867,556 100M JPY−0.5
January 202610,924,942 100M JPY−0.4
December 202510,908,947 100M JPY−0.6
November 202510,850,470 100M JPY−0.6
October 202510,814,821 100M JPY−0.6
September 202510,838,397 100M JPY−0.8
August 202510,882,193 100M JPY−0.7
July 202510,894,655 100M JPY−0.7
June 202510,956,686 100M JPY−0.3
May 202510,999,562 100M JPY−0.3
April 202511,016,430 100M JPY−0.6
March 202510,941,288 100M JPY0.1
February 202510,919,164 100M JPY0.8
January 202510,973,524 100M JPY1.1
December 202410,969,519 100M JPY1.3
November 202410,913,656 100M JPY1.4

Last 24 observations. The full history (283 observations) is available through the API.

Get Japan Narrow Money (M1) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/JP.M1.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/JP.M1.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationOctober 2026
First observationApril 2003
Observations283
FrequencyMonthly
Units100M JPY
AdjustmentNot seasonally adjusted
10-year high14.6% (Feb 2021)
10-year low−0.8% (Sep 2025)
10-year average5.4%
Source agencyBank of Japan
Makrognosis codeJP.M1.M.NSA

Narrow Money (M1): how Japan compares

#EconomyPeriodLatest
1MexicoSep 20267.9%
2South AfricaSep 20267.2%
3CanadaAug 20267.0%
4AustraliaSep 20266.4%
5SwitzerlandSep 20266.3%
6United StatesSep 20266.2%
7South KoreaAug 20264.2%
8BrazilSep 20263.2%
9JapanOct 2026−0.4%

Narrow Money (M1) by country: all 9 economies ranked →

Other Japan indicators

Japan GDP (Gross Domestic Product)Japan Nominal GDP, expenditure side, current prices, SA at annual rate (Cabinet Office QE)Japan CPI: All items (2025=100)Japan Inflation Rate (CPI)Japan Core Inflation RateJapan Unemployment RateJapan Unemployment Rate (not seasonally adjusted)Japan Credit Rating & Sovereign Risk ScoreJapan Industrial ProductionJapan Producer Price Inflation (PPI)Japan Current Account Balance (BoP, monthly)Japan Trade Balance: Goods & ServicesJapan Merchandise Exports, BoP basis (Goods Credit, BPM6)Japan Merchandise Imports, BoP basis (Goods Debit, BPM6)Japan EmploymentJapan M2 Money Stock

FAQ

What is the current narrow Money (M1) in Japan?
The latest reading is −0.4% year on year for October 2026, published by Bank of Japan.
Where does this data come from?
It is collected directly from Bank of Japan and is available through the Makrognosis API under the code JP.M1.M.NSA.

Last updated 2026-11-10. Source: Bank of Japan. Original title: “Japan Money Stock M1 (avg amounts outstanding)”.