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Japanese bank lending rises 2.3% YOY in September

Japanese banks' lending edged up 2.3% year over year to ¥528.660 trillion in September following a 2.2% rise in August, preliminary data from the Bank of Japan showed.

Excluding shinkin banks, or credit unions, lending was up an annual 2.3% to ¥459.756 trillion following a 2.2% growth in August.

Lending from shinkin banks saw an annual rise of 2.2% to ¥68.904 trillion in September, after a similar 2.2% gain in the prior month.

As of Oct. 10, US$1 was equivalent to ¥112.67.