Japan Bank Lending Jumps 3.6% On Year In August
(RTTNews) - Overall bank lending in Japan was up 3.6 percent on year in August, the Bank of Japan said on Monday - coming in at 646.058 trillion yen.
That topped forecasts for an increase of 3.2 percent, which would have been unchanged from the July reading.
Excluding trusts, lending jumped an annual 3.9 percent to 567.570 trillion yen, while lending from trusts rose 1.3 percent on year for the third straight month, this time at 78.488 trillion yen.
Lening from foreign bank jumped 15.6 percent on year to 5.654 trillion yen, moderating from the 21.1 percent annual spike in the previous month.
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Bank Of Japan Raises Rate To 1.25%; Highest Since 1995
The Bank of Japan raised its benchmark rate by a quarter point to a 31-year high amid high inflation and weaker yen. The policy board, governed by Ueda Kazu, decided by a 7-2 majority vote to raise the interest rate to 1.25 percent, marking the highest since 1995. The move was widely anticipated by markets.
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Japan Has Y1.105 Trillion Trade Shortfall In August
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Japan Producer Prices Sink 0.2% In August
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Japan GDP Growth Revised Up To 1.4%
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Japan Services PMI Improves To 52.5 - S&P Global
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Japan Manufacturing Sector Accelerates In August - S&P Global
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Japan Industrial Output Rises 0.1% In July
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