May 13, 2005
India Daily
Japanese financial institutions are increasing lending to the emerging economies of Brazil, Russia, India and China, with the balance up 40 pct year-on-year at 20.2 bln usd as of December 31, the Nihon Keizai Shimbun reported, citing figures from the Bank of Japan.
With these markets expected to expand in light of continued population growth, banks are stepping up loans to Japanese firms operating in these countries, as well as to promising local firms, the report said.
The balance of lending to China was 14.04 bln usd, up 40 pct, followed by 2.85 bln usd to Brazil, up 10 pct. The loan balances for India and Russia each grew 60 pct to 1.82 bln usd and 1.52 bln usd, respectively.
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