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Spread the love ASIA: Japanese bank lending rose at its slowest annual pace in more than eight years in June as corporate fund demand to weather coronavirus-linked cash constraints subsided, central bank data showed on Thursday. Total deposits parked at commercial banks continued to rise and hit a fresh record last month, the data showed, as companies and households held off on spending. Total outstanding loans held by Japanese banks rose 1.4% in June from a year earlier to 578 trillion yen ($5.23 trillion), BOJ data showed, the slowest growth rate since January 2013. Total deposits held by banks stood at 834 trillion yen, hitting a fresh record.

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