Apr
11
Negative Rates Failed to Boost Japan Bank Lending in March
By-
Bank of Japan started policy in February to spur credit
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Analyst `skeptical’ whether sub-zero rates will fuel loans
Japanese loan growth slowed to the weakest pace in three years in March, signaling the central bank’s introduction of negative interest rates has yet to spur credit in the world’s third-largest economy.
Loans excluding trusts rose 2 percent from a year earlier, slowing from 2.2 percent in February, the Bank of Japan said Tuesday. Deposits increased 3 percent, easing from 3.1 percent in February. The figures are the first for a full month after the BOJ began charging lenders 0.1 percent interest on some of their reserves on Feb. 16…
Negative Rates Failed to Boost Japan Bank Lending in March
