The Bank of Japan said today that Japan's bank lending expanded to 394.83
trillion yen (US$3.64 trillion) in August, up 2.0 percent on a year-on-year
basis.
The average daily balance of bank lending, excluding that of "shinkin" credit
banks, saw a 31st consecutive monthly rise, said the bank.
It attributed the increased bank lending to the robust corporate demand for
short-term operating capital as well as steady household demand for housing
loans.
The combined balance of bank lending, including that of shinkin banks, also
grew for 31 months in a row, increasing by 1.8 percent to 457.39 trillion yen
(US$4.23 trillion).
