Financial demand of companies to high level since Lehman shock BOJ survey April 21 12:14
A Bank of Japan survey of how much money firms need has found that firms' funding needs have risen to levels since 2009 after the Lehman shock. The spread of the new coronavirus shows that companies are facing tight financing.
The Bank of Japan, through 50 financial institutions such as private banks and credit unions, surveys the demand for loans and lending by companies and individuals every three months. This time, we held from the 10th of last month to the 10th of this month with the time of year change.
Of these, the demand for funds from companies is a positive 14 when the ratio of “decrease” and “slightly decrease” is subtracted from the ratio of “increased” and “slightly increased”. It rose at a stretch. This is the highest level in 11 years since we set 43 in April 2009 and 13 in April immediately after the Lehman shock.
In addition, the outlook for the demand for funds over the next three months has risen to +46, and we expect that the number of companies in need of funds will increase even more rapidly.
The Bank of Japan believes that the Bank of Japan is facing a tough cash flow in both manufacturing and non-manufacturing industries as sales have declined due to the new coronavirus, and that financial institutions are rapidly increasing their demand. The challenge is to support the company according to the loan.