Business › July bank lending up 2% on strong corporate demand
japantoday.com     08-Aug-2008            

Saturday 09th August, 05:22 AM JST TOKYO — The average daily balance of Japanese bank lending rose 2% in July from the year before to 394.1 trillion yen as corporate demand for operating capital remained strong on high energy and raw material costs, the Bank of Japan said Friday. The balance, excluding loans by ‘‘shinkin’’ credit banks, grew for the 30th straight month. Amid rising global inflationary pressures with commodity prices driven higher, there was strong funding demand especially from steelmakers, trading houses and power utilities, the central... [read full story]                    


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