Japan Bank Lending  Forecast


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Loan Growth in Japan is expected to be 2.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Japan to stand at 2.31 in 12 months time. In the long-term, the Japan Bank Lending is projected to trend around 1.40 percent in 2020, according to our econometric models.


Japan Money Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate -0.1 -0.1 -0.1 -0.1 -0.1 0.1
Interbank Rate -0.03 -0.04 -0.02 0 0.04 0.13
Money Supply M0 96540 96355 96393 96366 96346 96192
Money Supply M1 721483 716961 717040 716907 716685 714282
Money Supply M2 981903 980251 980609 980692 980642 979423
Money Supply M3 1313364 1318746 1326424 1332520 1337281 1346197
Central Bank Balance Sheet 518046 518552 520705 521397 521381 515926
Foreign Exchange Reserves 1260900 1271324 1272468 1272174 1271316 1260412
Loans to Private Sector 450429 445373 445373 445373 445373 445373
Deposit Interest Rate 0.3 0.3 0.33 0.35 0.37 0.5
Foreign Stock Investment 182 62 -620 -20 -180 250
Foreign Bond Investment -105 184 185 185 185 185
Loan Growth 2.8 2.75 2.57 2.43 2.31 1.4
Private Debt to GDP 231 234 234 234 234 241