Overall bank lending in Japan was up 2.3 percent, the Bank of Japan said- coming in at 528.660 trillion yen.
That exceeded expectations for an increase of 2.2 percent, which would have been unchanged from the previous month.
Excluding trusts, bank lending again was up 2.3 percent - beating forecasts for a gain of 2.2 percent, which would have been unchanged.
Lending from trusts gained an annual 2.2 percent or 68.904 trillion yen, while lending from foreign banks skyrocketed 49.7 percent or 3.220 trillion yen.
Re-disseminated by The Asian Banker from markets.businessinsider.com