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Market Chatter: Japanese Firms' Time Deposits Rise 22% as of March

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The balance of time deposits by corporations in Japan rose 22% year over year to 76.95 trillion yen as of March, Nikkei Asia reported Tuesday, citing data from the Bank of Japan.

The figure is now close to a 26-year high, the report said.

The balance of term deposits in the country remained mostly steady in the 40 trillion yen to 50 trillion yen range for about two decades before 2023, but began rising sharply amid increasing interest rates, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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