, Japan
Photo courtesy of Jezael Meldoza

Japan’s bank lending slowest in nine years: report

The slowdown reflects sluggish consumption as households hoard cash.

Japan's bank lending rose in July at the slowest annual pace in nearly nine years, reports Reuters, based on data released by the Bank of Japan on 10 August.

Total bank lending rose 1% in July from a year earlier, slowing from a 1.4% gain in June and marking the lowest year-on-year increase since November 2012.

On the upside, this is a sign that companies are emerging steadily from a cash crunch last year caused by the coronavirus pandemic.

But the slowdown in lending also reflects sluggish consumption as households hoarded cash instead of spending, underscoring the fragile nature of Japan's economic recovery.

Major banks saw lending fall 1.4% in July from a year earlier after a 1.6% drop in June, largely in reaction to last year's surge in fund demand to deal with the pandemic's shock.

Regional banks increased lending by 2.3% in July, a slowdown from a 2.9% gain in June.

Read more from Reuters here.

Follow the links 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!


Bank DBS Indonesia avails fast, reliable and sustainable corporate banking
Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Digibank by DBS sets new digital banking standards
Apart from speed and convenience, DBS stays ahead with exceptional personalisation, open banking, and enhanced security.