• Kyodo News

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Mizuho Corporate Bank said Thursday it will raise its long-term prime rate 0.05 percentage point to 1.65 percent per year in view of recent upswings in other long-term interest rates.

The hike in the rate the bank charges its most favored borrowers, scheduled to take effect Friday, is the first since last November, when the rate went up 0.15 point.

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