To use this site, please disable the ad blocking feature and reload the page.
This website uses cookies to collect information about your visit for purposes such as showing you personalized ads and content, and analyzing our website traffic. By clicking “Accept all,” you will allow the use of these cookies.
Users accessing this site from EEA countries and UK are unable to view this site without your consent. We apologize for any inconvenience caused.
Yomiuri Shimbun file photo Mizuho Bank, Ltd. building in Tokyo on April 7, 2021
Jiji Press
16:31 JST, January 9, 2025
Tokyo (Jiji Press)—Mizuho Bank said Thursday that it will raise its long-term prime lending rate for January by 0.10 percentage point from the previous month to 2.00 pct, the highest level in 15 years and seven months.
The Japanese bank will hike the rate for the fifth consecutive month.
The rise in the benchmark interest rate on loans of a year or more to big companies, set to take effect on Friday, will come in response to higher Japanese government bond yields brought on by a rise in U.S. long-term interest rates and mounting speculation over a possible additional interest rate hike by the Bank of Japan.
