Japan’s Major Bank Mizuho Announces Long-Term Prime Lending Rate Increase to 1.9%

A Mizuho Bank building in Tokyo
13:35 JST, December 9, 2024
Mizuho Bank, Ltd. announced Monday that it will raise its long-term prime lending rate by 0.05 percentage point to 1.9%, effective Tuesday or later, marking the highest level in 15 years.
The long-term prime lending rate is used as a benchmark for long-term lending rates for businesses.
"Business" POPULAR ARTICLE
-
Japan Oct.-Dec. GDP Revised Down to 2.2 Pct Annual Rise
-
Japan Sells 141,796 Tons of Reserve Rice in Auction
-
150,000 Tons of Rice Released from Japan’s Stockpile to Douse Prices, After Tokyo Prices Hit All-time High
-
Japan to Promote Solar Power Consolidation; Feed-In Tariff System to be Phased out from 2032
-
Private Rice Imports Surge Amid Domestic Shortages; Trading Companies Can Still Profit Despite Tariff
JN ACCESS RANKING