Japan Bank Lending +2.2% On Year In July

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Bank lending in Japan was up 2.2 percent on year in July, the Bank of Japan said on Monday, marking the slowest growth in 11 months after gaining 2.5 percent in June.

Including trusts, bank lending was up 2.1 percent on year after the 2.4 percent increase in June. Seasonally adjusted, bank lending gained 2.8 percent on year after the 3.1 percent increase a month earlier.

The M2 money stock was up 2.7 percent after the 2.5 percent gain in June. M3 added 1.9 percent, up from the 1.7 percent expansion in the previous month. The broad measure of liquidity eased 0.1 percent - the same reading as the previous month.

(Market News Provided by RTTNews)