Following the Bank of Japan’s recent interest rate hike, several regional banks in Kyushu have announced increases in their short-term prime rates, affecting both household and corporate loans. This adjustment, effective from October 1, marks the first rate hike since March 2007. Banks raising rates include Fukuoka Bank, Kumamoto Bank, and Nishi-Nippon City Bank, among others. The increase, set at 0.15%, could gradually impact households and businesses across the region. Source: Fukuoka Bank / Kumamoto Bank / Nishi-Nippon City Bank
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