Mizuho to Raise Long-Term Prime Rate to 3 Pct

Economy

Tokyo, April 9 (Jiji Press)--Mizuho Bank said Thursday it will raise its long-term prime lending rate by 0.2 percentage point to 3 pct, its highest level in about 29 years, effective Friday.

The move by the Japanese bank comes in response to higher bond yields.

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Jiji Press