Banks and credit unions have averaged over 580 trillion yen in loans to businesses and individuals over the past month.
Although it has decreased from the record high of January, it continues to be at a high level, mainly for small and medium-sized enterprises, which are greatly affected by the new corona.
According to the lending and deposit trends announced by the Bank of Japan, the balance of loans to companies and individuals by banks and credit unions nationwide averaged 580,048.2 billion yen over the past month.
It has decreased by more than 1 trillion yen from January, which was a record high, but it is still at a high level.
Of these, regional banks, which have a large number of loans to small and medium-sized enterprises, reached record highs for eight consecutive months due to an increase in their balances centered on service industries such as food and beverage and accommodation, which are affected by the new corona.
On the other hand, as large companies are moving to repay their loans at city banks, the balance has decreased from the previous month, pushing down the overall balance.
The Bank of Japan said, "Because not only the impact of the new corona but also the price of resources such as crude oil is skyrocketing due to Russia's military invasion of Ukraine, it is necessary to carefully look at the impact on companies in the future."
On the other hand, deposits by companies and individuals amounted to 833,383.7 billion yen, a decrease from the record high of January, but it remains at a high level.