4 Major Japanese Banks to Raise Deposit Rates to 0.2 Pct

Tokyo, Jan. 24 (Jiji Press)--Four major Japanese commercial banks said Friday that they will raise their interest rates on ordinary deposits from 0.1 pct to 0.2 pct, the highest level in about 17 years, following the Bank of Japan's decision to raise its policy interest rate. The higher rates will take effect on March 3 for MUFG Bank, Mizuho Bank and Sumitomo Mitsui Trust Bank, and on March ...

4 Major Japanese Banks to Raise Deposit Rates to 0.2 Pct
Tokyo, Jan. 24 (Jiji Press)--Four major Japanese commercial banks said Friday that they will raise their interest rates on ordinary deposits from 0.1 pct to 0.2 pct, the highest level in about 17 years, following the Bank of Japan's decision to raise its policy interest rate. The higher rates will take effect on March 3 for MUFG Bank, Mizuho Bank and Sumitomo Mitsui Trust Bank, and on March ...