Japan's JBIC says cautious on lending to resource sector

By Yoshifumi Takemoto TOKYO (Reuters) - Japan Bank for International Cooperation (JBIC), a major backer of mining and energy projects for Japanese companies, said it will be cautious on lending to the resources sector despite a rally in commodity prices this year. With oil prices surging around 40 percent in 2016 and coal up by more than 50 percent, many argue that a slump in commodities since the global financial crisis is over.