BOJ says deposits and CDs at Japanese banks rose at their fastest ever in June
Bank of Japan comments after Japan bank lending in June rose 6.2%, the fastest ever on record
- Surge in bank lending reflects increase in corporate fund demand due to coronavirus pandemic
- deposits and CDs at Japan banks rise 8.0% yr/yr in June, fastest pace on record
- cash payouts to households, big firms' move to secure funds likely led to surge in bank deposits
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