, Japan
Photo courtesy of Louie Martinez (Unsplash)

Japan bank lending up 1.8% to record $4.36t in July: report

Companies are borrowing money due to the rising costs of raw materials, an official said.

Japanese bank lending inched up 1.8% in July to a record $4.36t (over JPY588.23t) compared to a year earlier, data from the Bank of Japan (BOJ) showed.

The increase extends the 1.2% gain in June, reflecting rising fund demand for property investment as well as mergers and acquisitions, a BOJ official said in a briefing, according to a report by Reuters.

ALSO READ: Japan megabanks’ bad loans edge up to highest in six years

Companies were also boosting lending to meet rising raw material costs and a re-opening of the economy as COVID curbs were lifted, the official added.

Total lending by major and regional banks rose 2.1% in July from a year earlie, the fastest year-on-year increase since May 2021.

Here’s more from Reuters.

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
More tax perks could drive Philippine SMEs to go ‘green’
The Southeast Asian nation’s 1.1 million small businesses can be a target for green loans. 
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”