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
08 Jun, 2011

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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