Japan Bank Lending Seen Rising as Economy Brightens

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00018119-japan-bank-lending-seen-rising-as-economy/

By Tamawa Kadoya, Reuters

Japan’s economic recovery on the back of domestic demand and efforts by banks to clean up their bad loans are seen triggering a long-awaited rise in bank lending, another sign the economy is growing, economists say.

The Bank of Japan’s hyper-loose monetary policy for the past four years had failed to turn around an eight-year decline in bank lending while companies cut costs, deflation set in and banks struggled to unload the bulk of their soured loans.

But the tide is finally turning, economists say. A rise in bank lending indicates corporations are willing to take risks to expand their operations, and that will provide further momentum to the economy.

For this complete story, please visit Japan Bank Lending Seen Rising as Economy Brightens.

Japan Bank Lending Seen Rising as Economy Brightens

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About