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.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. 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. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Find out more about