Business & Finance
Japan May bank loans down 0.7pc yr/yr
TOKYO : Outstanding loans held by Japanese banks fell 0.7 percent in May from a year earlier, the Bank of Japan said
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TOKYO: Outstanding loans held by Japanese banks fell 0.7 percent in May from a year earlier, the Bank of Japan said on Wednesday, falling for an 18th straight month but the pace of falls slowed as the March earthquake and tsunami supported corporate funding demand.
Loans held by the country's four main categories of banks, including "shinkin" or credit unions, stood at 455.247 trillion yen ($5.69 trillion).
Excluding factors such as loan write-offs, the loan balance fell 0.5 percent from the same month a year earlier.
Copyright Reuters, 2011
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