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Asian Economic News

Japan Bank Lending +2.1% On Year In May

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Overall bank lending in Japan was up 2.1 percent on year in May, the Bank of Japan said on Monday, standing at 402.867 trillion yen.

That missed forecasts for an increase of 2.2 percent following the 2.1 percent gain in April.

Including trusts, bank lending increase 1.8 percent on year to 464.415 trillion yen - matching forecasts and up from 1.7 percent in the previous month.

Lending from trusts alone dipped 0.2 percent to 61.547 trillion yen after easing 0.3 percent a month earlier. Lending from foreign banks plunged an annual 10.6 percent to 1.997 trillion yen after falling 9.5 percent in April.

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