Long-Term Prime Rate

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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 ?
Rates on housing loans tied to long-term prime rates are likely to be raised.
Shinsei Bank and Aozora Bank also announced cuts in their long-term prime rates to 1.
The other two long-term credit banks are likely to lower their long-term prime rates in tandem with IBJ.
The nationalized Long-Term Credit Bank of Japan and Nippon Credit Bank also announced they will cut their long-term prime rates by the same margin to 2.
The nation's three long-term credit banks said Thursday they will raise their long-term prime rates to 2.
Japan's three long-term credit banks said Wednesday they will keep their long-term prime rates for September unchanged at 2.
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