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Ryukyu Bank Raises Deposit Interest Rates, Including Short-Term Prime Rates.
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Following the Bank of Japan's policy interest rate hike, Okinawa Bank (President Masayasu Yamashiro) announced on the 19th that it will raise its ordinary deposit interest rate and the "short-term prime rate" applied to short-term loans of less than one year. The changes will take effect from August 3rd. The ordinary deposit rate will be raised from 0.3% to 0.4%, and the short-term prime rate will be raised from 2.825% to 3.075%.
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