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Japan banks weigh first rate hikes on ordinary deposits in 17 years

By Inquirer - 8 months ago
TOKYO — Mizuho Financial Group said on Tuesday it plans to raise interest rates on ordinary yen deposits for the first time in 17 years after the Bank of Japan ended eight years of its unorthodox negative interest rate policy. Bigger domestic rival Sumitomo Mitsui Financial Group also said it is considering a rate hike

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