Japan Oct Bank Lending +1.1% Y/Y, Up For 13 Months

TOKYO (MNI) – Outstanding bank loans in Japan rose 1.1% from a year
earlier to Y398.77 trillion in October, marking the 13th straight
year-on-year rise, Bank of Japan data released Thursday showed.

The pace of increase decelerated slightly from a 1.2% rise in
September, which was the highest rise since October 2009, when lending
was up 1.5%.

In October, outstanding loans by city banks, the largest group of
lenders in Japan, continued to fall from a year earlier, down 0.4% after
slipping at the same pace in the previous month.

Lending by regional banks rose 2.6% last month versus +2.8% in the
previous month.

The balance of commercial paper issuance stood at Y9.23 trillion at
the end of October, up 3.9% y/y following a 6.9% rise in the previous
month.

–email: msato@mni-news.com

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