Wednesday, October 9, 2013
DJ: Mizuho Corporate Bank Cuts Long-Term Prime Rate To 1.20%
TOKYO--Mizuho Corporate Bank said Wednesday it set its long-term prime lending rate for October at 1.20%, down from September's 1.30%.
The new rate will be effective from Thursday, the unit of Mizuho Financial Group Inc. (8411) said.
The long-term prime rate is a benchmark for many personal, housing and corporate loans in Japan.