Trial now

(M1) Bullish Focus


(M1) New Multi-Month Highs


Clearing Major Support


Sizeable Resistance Building


Needle Still Points North

MNI (London)
     TOKYO (MNI) - Japanese corporate demand for financing via bank loans in
January rose from three months ago, as volatile global financial markets
increased corporate funding, according to the Bank of Japan's quarterly survey
of senior loan officers at 50 banks released Wednesday.
     The index for corporate fund demand -- calculated by subtracting the number
of banks reporting a decline in lending from the number of those reporting an
increase -- stood at +4 in January, up from +2 in October 2018. The latest
survey period was from December 11 to January 11.
     Other key points from the latest survey;
     --The index for demand from large companies fell to zero from +4 and the
index for small businesses also fell to +3 from +4.
     --The index for fund demand expected for the next three months stood at
zero, down from +1 in the previous survey.
     --The index showing household demand for funds rose to +3 in January from
zero in October due to stronger demand for housing investment and higher
consumption, as well as the drop in lending rates.
     --The senior loan officer index for corporate fund demand hit a record high
of +43 in the October-December quarter of 2008, up from -5 in the previous three
months. The global financial crisis hurt companies' ability to borrow directly
from financial markets. The BOJ began the survey in April 2000.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email:
--MNI London Bureau; tel: +44 203-586-2225; email:
MNI London Bureau | +44 203-865-3812 |