TOKYO -- The average interest rate on outstanding loans by Japanese banks rose for the seventh straight month to 0.83% in July, data published Thursday by the Bank of Japan shows, a trend expected to affect mortgages and fixed-rate corporate loans in coming months.
Finance
Japanese banks' lending rates rise for 7th straight month
Trend seen expanding from floating-rate loans to mortgages and other debt
Interest rates on Japanese loans are rising, though they still remain low when accounting for inflation. (Photo by Nanami Sato)
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