Asia

Thursday, April 18, 2019 - 20:45

MNI: BOJ Survey: Corp Loan Demand Drops, Households Unchanged


TOKYO (MNI) - Japanese corporate demand for financing via bank loans in April fell from three months ago as the slowing global economy decreased companies' sales and capital investment, according to the Bank of Japan's quarterly survey of senior loan officers at 50 banks released Friday.

The index for corporate fund demand -- calculated by subtracting the number of banks reporting a decline in lending from the number of those reporting an increase -- came in at +3 in April, down from +4 in January. The latest survey period was from March 11 to April 10.

Other key points from the latest survey;

--The index of demand by large companies fell to -2 from zero, but the index for small businesses rose to +5 from +3.

--The index for fund demand expected for the next three months was unchanged at 0.

--The index showing household demand for funds stood unchanged at +3.

--The senior loan officers index for corporate fund demand hit a record high of +43 in the Oct-Dec quarter of 2008, up from -5 in the previous three months. The global financial crisis hurt companies' ability to borrow directly from financial markets. The BOJ began the survey in April 2000.

--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

[TOPICS: MAJDS$,MMJBJ$,M$A$$$,M$J$$$]

Please log in to read and leave comments