Monday, July 26, 2010

The BoJ bank loan officers survey indicatedthat corporate loan demand continued to decline in 2Q

Japan Corporate Demand for Bank Loans - The BoJ bank loan officers survey indicatedthat corporate loan demand continued to decline in 2Q, desipite the further easing of banks'loan attitudes. The corporate loan demand DI marked -17 after -10 in 1Q and -17 in 4Q 2009,with the DIs for both large firms and small firms posting levels well below the neutral zero.Meanwhile, the banks' lending attitude DIs rose modestly from above-neutral levels (thebanks' lending attitude DI for large firms marked 9 after 5 in 1Q, and that for small firms alsorose, to 23 from 21). As for households, the loan demand DI, which reached the neutral zerolevel, fell again, but only slightly.

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