Japan's biggest banks to raise housing loan rates after BOJ's policy tweak

📆 12/30/2022 10:05 AM
📰 Reuters

⏱ Reading Time:
9 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 97%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Japan's three biggest banks said on Friday they would raise interest rates for housing loans for next month, reflecting the Bank of Japan's tweak in its ultra-loose policy.

Mitsubishi UFJ Bank, the main banking unit of Mitsubishi UFJ Financial GroupEach bank has special loan programs for selected customers so their rates will be

lower, with Sumitomo Mitsui charging 1.14%, Mizuho 1.60% and Mitsubishi UFJ 1.05%.the market last week by raising the cap on 10-year bond yield to 0.5% from 0.25%.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Property Property Latest News, Property Property Headlines