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MNI DATA IMPACT: Japan Corp Loan Demand Rises, says BOJ Survey

MNI (Sydney)
TOKYO (MNI)

Demand for financing by Japanese corporates through bank loans rose in April as companies attempted to pre-emptively increase funds amid concerns over a pick-up in their businesses, according to the BOJ's latest quarterly survey of senior loan officers at 50 banks released on 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 +9 in April, up from -5 in January.

The latest survey period was from March 9 to April 12.

The index for demand from large companies rose to -2 from -6 and the index for small businesses also rose to +10 from +1 in January.

The index is expected to be +5 for the next three month period, down from +12 in the previous survey.

Household demand for funds stood at +7 in April, down from +12 in January due to decreases in housing investment and consumer spending combined with increases in income.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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