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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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