Total bank lending in Japan was up 3.1% YoY in February, up from the 2.9% YoY increase in January and the highest since July 2024.

• Lending at major banks was up 2.9% YoY, up from 2.6% YoY.
• Regional bank lending was up 3.7% YoY, unchanged from the previous month.
• Total deposit growth fell slightly, from 1.5% YoY in January to 1.4% YoY in February.