TOKYO (MNI) – Data from the Bank of Japan released Monday.
— Japan Nov Bank Lending +1.3% Y/Y Vs Oct +1.1%
— Japan Nov Bank Lending Posts 14th Straight Y/Y Rise
FACTORS: Outstanding loans by city banks, the largest group of lenders in
Japan, continued to fall from a year earlier, down 0.1% after falling 0.4% in
October, but it was more than offset by lending by regional banks +2.6% vs. a
revised +2.5% in the previous month.
TAKEAWAY: The overall picture remains the same. Corporate fund demand has
continued increasing gradually, reflecting reconstruction needs after the March
2011 earthquake disaster. There has also been demand from firms that are seeking
capital for mergers and acquisitions.
–MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hinoue@mni-news.com
–MNI Tokyo Bureau; tel: +81 90-4670-5309; email: msato@mni-news.com
[TOPICS: MAJDS$,MMJBJ$,M$A$$$,M$J$$$]
