Tokyo, Sept. 9 (Jiji Press)–Mizuho Bank said Wednesday it will raise its long-term prime lending rate by 0.15 percentage point to 3.4 pct, its highest level in about 30 years, effective on Thursday. The long-term prime rate serves as a benchmark for loans of one year or longer to large companies. The increase reflects rising long-term interest rates in Japan. END [Copyright The Jiji Press, Ltd.]
Mizuho Bank to Raise Long-Term Prime Rate to 30-Year High
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