Move Over London: Japan Passes U.K. as Top Cross-Border Lender
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Japanese banks overtook U.K. lenders to become the biggest providers of cross-border loans in the first quarter as they sought to offset dwindling returns at home.
Such lending and investments by Japanese firms rose to $3.53 trillion in March, the most since at least 1983, according to Bank for International Settlements data. The 4 percent increase in the figure from a year earlier compared with an 8.6 percent drop for British lenders.