Mizuho Corporate Bank said Thursday it has decided to set its long-term
prime lending rate for June at 1.50 pct, down 0.05 percentage point from the previous month, effective Friday.
The wholesale banking unit of Mizuho Financial Group Inc. <8411> will thus cut the rate for the second straight month. The bank made the decision by taking into account recent movements of domestic interest rates, bank officials said.
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