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IBJ to cut long-term prime rate to record-low 1.60%.

Publication: Japan Weekly Monitor
Publication Date: 11-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 7 Kyodo

The Industrial Bank of Japan (IBJ) said Thursday it will cut its long-term prime lending rate by 0.15 percentage point to a record low 1.60% per annum, effective Friday.

It is the fifth straight month the bank has cut the key rate.

The rate cut...

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