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Mizuho Raises Long-Term Prime Rate to 3%

TOKYO, Apr 09 (News On Japan) - Mizuho Bank announced on April 9th that it will raise its long-term prime rate, a benchmark for corporate lending, by 0.2 percentage points to 3% annually, reflecting the recent upward trend in interest rates, with the change set to take effect on April 10th.

The move marks the first time in approximately 29 years that the long-term prime rate has reached the 3% range, signaling a significant shift in Japan’s lending environment as borrowing costs continue to rise.

Source: テレ東BIZ

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