Following the Bank of Japan's policy change, a succession of banks announced reviews of their short-term prime and ordinary deposit rates. While the exact timing of the revisions differs by bank, the changes are spreading around the date of the Bank of Japan's policy change.
Following the Bank of Japan's policy change, banks announced plans to review their short-term prime and ordinary deposit rates. Although the specific timing of the revisions depends on announcements by each bank and individual schedules are unclear in some cases, rate revisions are spreading in the wake of the policy change.
Some publicly available data indicate the approximate number of business days from the Bank of Japan's policy change date to the revision date. The data show an average of 33.6 days until the short-term prime rate revision and 33.5 days until the ordinary deposit rate revision.
Some information also states that the average number of days until the revision announcement was 4.0 days, while the average number of days until the revision date was 33.5 days. These figures are presented in the article as supporting data.