June 27, 2011

Megabanks Boosted Overseas Lending For 1st Time In 2 yrs

Overseas loans by the nation's three megabanks grew for the first time in the two and half years to about 35 trillion yen as of March 31, driven by increased lending in emerging nations in Asia and Latin America, according to Nikkei. There has been strong funding demand for infrastructure construction and natural resource development in emerging nations while there has been sluggish one at Japanese corporations.

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