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Japan Bank Lending Down 2.0% On Year In August

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Bank lending in Japan declined 2.0 percent on year in August, the Bank of Japan said on Wednesday, coming in at 394.2 trillion yen. That follows a 1.9 percent annual contraction in July.

Including trusts, bank lending was down 1.9 percent on year to 456.7 trillion yen. That followed a 1.8 percent decline on year in the previous month.

Adjusted lending was down an annual 1.7 percent - the same rate of decline as in July.

Lending from foreign banks plunged 18.3 percent on year to 3.822 trillion yen after falling 16.9 percent a month earlier.

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