Bank lending continues to decline in Japan
Preliminary figures from Bank of Japan data on financial institutions released on Tuesday showed lending in yen-denominated assets fell in May by -2.1% year-on-year.
The figures on the average balance of outstanding loans at Japanese banks including cooperative banks, but excluding loans to non-residents, showed yen denominated loans fell to -2% in May from -1.8% in April.
Outstanding loans at the country's seven city banks - Mitsubishi UFJ, Mizuho Bank, Chuo Mitsui Trust and Banking Company
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