20100615 1237 Global Economics News.

June 15 (Bloomberg) -

- German investor confidence probably fell for a second month in June on concern that the sovereign debt crisis will undermine export prospects and crimp growth in Europe’s largest economy. The ZEW Center for European Economic Research will today say its index of investor and analyst expectations fell to 42 from 45.8 in May, according to the median of 35 forecasts in a Bloomberg News survey. ZEW releases the report, which aims to predict developments six months ahead, at 11 a.m. in Mannheim.

June 15 (Bloomberg) -- China’s banking regulator said it sees growing credit risks in the nation’s real-estate industry and warned of increasing pressure from non-performing loans. Risks associated with home mortgages are growing and a “chain effect” may reappear in real-estate development loans, the China Banking Regulatory Commission said in its annual report published on its website today. 

June 15 (Bloomberg) -- The Bank of Japan will offer as much as 3 trillion yen ($33 billion) in a new credit program that will extend loans to companies for as long as four years in an effort to strengthen the economic recovery. The central bank will accept loan requests through March 2012, it said in a statement released today in Tokyo. New loans will be extended at the benchmark interest rate, which the board today unanimously voted to keep unchanged at 0.1 percent.