Mizuho to Raise Long-Term Prime to 15-Year High
Tokyo, Dec. 9 (Jiji Press)--Mizuho Bank said Monday it will increase its long-term prime lending rate for December by 0.05 percentage point from the previous month to 1.9 pct, the highest level in 15 years and four months, effective Tuesday.
The Japanese bank will raise the rate for the fourth consecutive month as domestic long-term interest rates have been rising due to elevated U.S. long-term interest rates and amid growing expectations that the Bank of Japan will raise its policy rate.
(2024/12/09-15:39)
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