Japan Floating Housing Loan Rates Rises for 1st Time in 17 Yrs

   Tokyo, Sept. 30 (Jiji Press)--Five major Japanese banks will implement the first increases in their floating interest rates on housing loans in 17 years in October, after raising their short-term prime rates in September, following the Bank of Japan's interest rate hike in July.
   MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Sumitomo Mitsui Trust Bank and Resona Bank said Monday that they will raise their base interest rates for floating-rate housing loans to 2.625 pct from 2.475 pct.

(2024/09/30-22:04)