Banks and credit unions have averaged over 579 trillion yen in loans to businesses and individuals last month, a record high for the fourth straight month.
Due to the spread of the new coronavirus infection, the restaurant and accommodation industries have borrowed additional funds, and the level remains high.
According to the "Trends in Lending and Deposits" released by the Bank of Japan, the balance of loans provided to companies and individuals by banks and credit unions nationwide averaged 579,994.5 billion yen over the past month.
It hit a record high for four consecutive months, the highest number since 2000 when comparisons can be made.
Due to the spread of the new corona infection, there was an additional borrowing of funds in the restaurant and accommodation industries, and there was a last-minute demand for funds at private financial institutions before the application deadline for virtually interest-free and unsecured loans. It is said that it was done.
On the other hand, deposits by companies and individuals reached a record high of 811.843.5 trillion yen in the last month on average due to factors such as restraint in consumption.
The Bank of Japan says, "We would like to continue to pay close attention to the trend of fund demand as the impact of the new corona continues, such as the application of priority measures such as the prevention of spread to three prefectures such as Tokyo."