[lbo-talk] Nichibei PacRim Bank to the rescue

[dredmond at efn.org]

Quoting Brad Mayer <Bradley.Mayer at Sun.COM>:


> almost 30 percent of nominal GDP. “ Yes it is Japan and not the US that
> has the largest national monetary base in the world. This week they
> issued year end figures for their monetary base, which expanded 16.4% in
> 2003 after expanding 25.7% in 2002. In fact for the five year period up
> to 2003, their monetary base exploded by 78% - 

Which monetary base is this? I checked the BOJ website and they put official M3
money growth at 3% per annum (http://www.boj.or.jp/en/stat/money/ms0312_f.htm),
and M2 not far off from that.  

-- DRR