Bank lending in Japan was up 1.0 percent on year in July, the Bank of Japan said on Wednesday, standing at 396.424 trillion yen.
That beat forecasts for an increase of 0.8 percent, which would have been unchanged from the June reading.
Including trusts, bank lending was up an annual 0.7 percent after shedding a downwardly revised 0.6 percent in the previous month.
Lending from foreign banks in Japan plummeted an annual 22.4 percent to 2.163 trillion yen after plunging 20.6 percent on year a month earlier.
by RTT Staff Writer
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