Banks and credit unions have increased lending to businesses and individuals, and the balance as of last month exceeded 577 trillion yen, the highest since 2000 when comparisons can be made.
Loans to small and medium-sized enterprises, whose cash flow is becoming tight due to the effects of the new coronavirus, are still at a high level.
According to the "Trends in Lending and Deposits" released by the Bank of Japan on the 12th, the balance of loans made by banks and credit unions nationwide to companies and individuals averaged 577,639.3 billion yen over the past month.
It has surpassed the previous month for the second consecutive month, the highest number since 2000 when comparisons can be made.
The spread of the new corona virus has swelled corporate demand for funds, and although large companies have recently settled down, loans to small and medium-sized enterprises and sole proprietors with tight cash flow are increasing, and the loan balance of local banks and credit unions Has set a new record high.
On the other hand, deposits by companies and individuals reached an average of 802.8673 trillion yen for the past month, which was also a record high, due to an increasing number of companies refraining from spending such as capital investment.
According to the Bank of Japan, "There is growing concern that the real economy will be pushed down by the second state of emergency due to the re-expansion of infection, and it is necessary to pay close attention to the trends toward the end of the fiscal year."