Following the Bank of Japan's rate hike, 2 regional banks headquartered in Niigata Prefecture will raise ordinary deposit rates to an annualized 0.5% from next month. The Bank of Japan raised its policy rate from around 1% to around 1.25%.
The Bank of Japan announced that it had raised its policy rate from around 1% to around 1.25% at its monetary policy meeting last month. This is also affecting interest rate trends at regional financial institutions.
2 regional banks headquartered in Niigata Prefecture announced that they will raise ordinary deposit rates to an annualized 0.5% from next month. Deposit rate levels in the prefecture are expected to rise as a result.