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Bank of Japan: savings deposits exceed loan balances by a record 145 trillion yen

According to the Bank of Japan, the balance of savings deposits at Japan’s banks now exceeds loan balances by 145 trillion yen. The gap between savings and loan balances is now at a record high.

As of July 31, 549 trillion yen sits in deposit accounts at Japanese banks, while 403.8 trillion yen is on the loan books. Back in 2000, the gap between deposits and loans stood at about 20 trillion yen.

The data also shows that the amount of commercial paper issued by financial institutions surged 45.8% in August, after having fallen in both May and June and having risen by 6.1% in July. Government bond issuance fell by 1.2% year-on-year, for the first fall over the past 12 months. Further falls could be expected for the next few months, as government bond issuance surged in the summer and fall of last year.

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