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June 10, 2025
Update:August 29,2025
Financial Services Agency
(Japanese version: published June 10, 2025)

Publication of "FSA Analytical Notes (2025.6) vol.1"

The FSA published the English version of "FSA Analytical Notes (2025.6) vol.1 ". PDFfull text

As financial institutions’ business environments and profit structures change, it is important to understand economic and market trends based on data, and to accurately grasp the business conditions of individual financial institutions and also the resilience and vulnerabilities of the financial system as a whole. From this perspective, the FSA has been focusing on the utilization of granular data, such as transaction-level bank loan data and financial data on individual corporations. Some case examples of data analyses using such granular data are published as a series of reports titled “FSA Analytical Notes.”

This issue contains "Loans Extended to Newly-founded Companies".

PDFLoans Extended to Newly-founded Companies

This paper analyzes the status of newly-founded companies and loans extended to them using bank lending detail data collected by the Common Data Platform and corporate information data. The analysis confirms a positive correlation between newly-founded rates and the proportion of the working-age population. It also reveals that loans to newly-founded companies are primarily directed toward Tokyo-based entities and the real estate sector, while regional urban centers such as Fukuoka also exhibit relatively strong lending activity. After controlling for industry type and financial characteristics—while the analysis may be subject to selection bias and other limitations—it was found that being a newly-founded company does not significantly affect loan conditions such as interest rates or loan maturity.

Enhancing the use of data in financial supervision and policy-making is a medium- to long-term agenda. The FSA will continue to build its data analysis capabilities and data infrastructure.

* Unless otherwise noted, the figures and tables in this report were prepared by the FSA.

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