BOJ says deposits and CDs at Japanese banks rose at their fastest ever in June

Bank of Japan comments after Japan bank lending in June rose 6.2%, the fastest ever on record

• Surge in bank lending reflects increase in corporate fund demand due to coronavirus pandemic
• deposits and CDs at Japan banks rise 8.0% yr/yr in June, fastest pace on record
• cash payouts to households, big firms' move to secure funds likely led to surge in bank deposits