Mizuho Bank to Raise Long-Term Prime Rate to 15-Year High
Tokyo, Nov. 7 (Jiji Press)--Mizuho Bank said on Thursday that it will raise its long-term prime lending rate by 0.1 percentage point to 1.85 pct, the highest level in 15 years, effective Friday.
The Japanese bank will raise the long-term prime, a benchmark rate for loans of one year or longer extended to large corporate clients, for the third straight month due to higher long-term interest rates in Japan and the United States.
(2024/11/07-14:43)
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