Japanese bank Resona says inflation is boosting SME loan demand, pay hikes

Quick Summary:

TOKYO : The return of inflation in Japan is pushing up loan demand from the country's small and midsize firms for capital investment and digitalisation, the chief executive of Japanese lender Resona Holdings said.

The Japanese government is hoping this will lead to pay rises, which new Prime Minister Shigeru Ishiba has made a top priority.

"Even though real wages are trending downwards, little by little SMEs are catching up," Minami said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanOman

Topics: Japan Smaller Resona Firms Smes Customers Companies Bank Japanese Rises Minami

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 17:05:04 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24034143

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