Japan's big banks boost lending as pandemic intensifies corporate funding strains
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TOKYO (Reuters) - Lending by Japan's major banks rose in April at the fastest pace since the global financial crisis in 2009, data showed on Wednesday, highlighting a jump in borrowings by firms facing funding strains in the wake of the coronavirus crisis.Analysts expect lending to rise further as the government has asked commercial banks to offer low-interest loans to tide over the pandemic-driven funding gap at firms.Separate data showed a surge in the number of financial institutions joining..