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Japan Bank Lending +2.3% On Year

Overall bank lending in Japan was up 2.3 percent on year in July, the Bank of Japan said on Thursday, standing at 405.508 trillion yen. That follows the 2.2 percent annual increase in June.

Including trusts, bank lending was up 2.0 percent on year to 467.173 trillion yen following the 1.9 percent gain in the previous month.

Lending from trusts alone was roughly flat, standing at 61.665 trillion yen.

Lending from foreign banks dipped 8.1 percent to 1.988 trillion yen following the 12.6 percent contraction a month earlier.

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