Bank of Japan survey shows increasing demand for corporate loans, market expects Bank of Japan to continue raising interest rates

The survey released by the Bank of Japan on Thursday showed that corporate borrowers of major Japanese banks have increased their demand for funds compared to three months ago. The head of Japan Economic Research at Oxford Economics, Shigeru Inoue, stated that the resilience of the Japanese economy to rising interest rates has enabled the Bank of Japan to raise its policy rate to over 1.75% to prevent a weakening of the yen and avoid inflation expectations becoming anchored. (Source: Golden Ten Data)