Japan's bank lending up 2.3 percent in September

Bank lending was slightly higher compared to the 2.2 percent year-on-year increase in August.

inv-investing-in-japan

Major, regional, and shinkin banks in Japan saw a 2.3 percent year-on-year growth in bank lending for the month of September, data from the Bank of Japan revealed on Thursday.

The numbers which came in at 528.660 trillion yen, edged up slightly compared to the 2.2 percent increase in August.

Shinkin banks are cooperative regional financial institutions serving small-and-medium-enterprises and local residents. Excluding these trusts, bank lending was up 2.3 percent year-on-year, higher than the 2.2 percent gain in August.

Bank lending from trusts remained unchanged at 2.2 percent for September, the same as the previous month, at 68.904 trillion yen.

Foreign banks, which contributes a smaller portion to total bank lending, boomed with a 49.7 percent increase from a year ago to hit 3.220 trillion yen. For August, this segment expanded by 25.2 percent from a year ago.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Find articles by writer