• Bloomberg

  • SHARE

Bank lending failed to pick up in November even after machinery orders rose at twice the pace forecast by economists, suggesting companies may continue to shun debt for financing expansion.

Loans excluding trusts climbed 0.7 percent from a year earlier, gaining at the same pace as in the previous two months, the Bank of Japan said Monday. Lending by the 10 so-called city banks, including Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc., contracted 0.8 percent from a year earlier, the eighth straight month of declines.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW