FX.co ★ Japan’s Bank Lending Growth Edges Up to 4.5% YoY in February 2026

Japan’s bank lending expanded at a slightly faster pace in February 2026, with year-over-year growth ticking up to 4.5%, compared with 4.4% in January 2026. The latest data, updated on 8 March 2026, show a modest acceleration in borrowing activity across the banking sector.

Both the current and previous readings are calculated on a year-over-year basis, comparing each month with the same month a year earlier. The February uptick suggests that credit demand in Japan continues to firm, albeit gradually, hinting at a steady underlying appetite for loans from businesses and households. Investors will be watching subsequent releases to assess whether this mild strengthening in lending becomes a more pronounced trend in Japan’s credit cycle.