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Financial News: Japan Overall Bank Lending Jumps 3.0% On Year

Japan Overall Bank Lending Jumps 3.0% On Year

05/12/2020 - 20:15:00 (RTTNews)

(RTTNews) - Overall bank lending in Japan was up 3.0 percent on year in April, the Bank of Japan said on Wednesday - coming in at 553.486 trillion yen.

That's up sharply from the 2.0 percent annual increase in March.

Excluding trusts, bank lending gained 3.1 percent on year to 482.863trillion yen - up from 2.2 percent a month earlier.

Lending from trusts rose 1.7 percent to 70.622 trillion yen- up from 1.0 percent in the previous month. Lending from foreign banks surged 25.7 percent to 3.506 trillion yen.

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