Deposits experience 0.4pc dip
DEPOSITS at Japan's 11 major commercial banks at the end of September decreased 0.4 per cent from a year earlier and were down 0.3 per cent from the end of August, the Federation of Bankers Associations says.
Deposits as of September totalled 179.25 trillion yen (about HK$13 trillion), the federation said.
Bank loans extended by the 11 major commercial banks as of the end of September were up one per cent on the year to 222.25 trillion yen, the federation said.
Loans at the end of September rose 0.5 per cent from the month before.
At the end of August, bank deposits fell 0.6 per cent from a year earlier and lending rose 0.7 per cent.
The 11 banks are Dai-Ichi Kangyo Bank, Bank of Tokyo, Mitsubishi Bank, Sumitomo Bank, Sanwa Bank, Sakura Bank, Tokai Bank, Hokkaido Takushoku Bank, Asahi Bank, Daiwa Bank and Fuji Bank.