Long-Term Prime Rate


Also found in: Acronyms.

Long-Term Prime Rate

The interest rate charged by certain Japanese banks on loans made to highly creditworthy institutions for longer than one year. The long-term prime rate is used as a benchmark for determining other interest rates in Japan.
References in periodicals archive ?
2 point, the coupon on the new issue and the long-term prime rate are revised the following month.
Mizuho Corporate Bank to lower long-term prime rate to 2.
Mizuho Corporate Bank keeps long-term prime rate unchanged
TOKYO - Mizuho Corporate Bank said Thursday it will lower its long-term prime rate by 0.
TOKYO - Mizuho Corporate Bank said Monday it will cut its long-term prime rate by 0.
The long-term prime rate, charged on loans of one year or longer to the most creditworthy corporate borrowers, is set 0.
The long-term prime rate is used as a benchmark for many personal, housing and corporate loans in Japan.
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