{"id":195242,"date":"2025-12-21T18:54:12","date_gmt":"2025-12-21T18:54:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/195242\/"},"modified":"2025-12-21T18:54:12","modified_gmt":"2025-12-21T18:54:12","slug":"boj-rate-hike-could-be-both-good-and-bad-for-households","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/195242\/","title":{"rendered":"BOJ rate hike could be both good and bad for households"},"content":{"rendered":"<p>The Bank of Japan&#8217;s decision on Friday to raise its policy interest rate further is expected to affect households and businesses in both positive and negative ways.<\/p>\n<p>Following the latest BOJ decision, MUFG Bank and Mizuho Bank, two of the country&#8217;s three megabanks, announced that they will increase their short-term prime lending rates to 2.125% from 1.875%.<\/p>\n<p>The short-term prime rates are used to adjust floating mortgage rates every six months. About 80% of housing loans in Japan are believed to be the floating-rate type.<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Japan&#8217;s decision on Friday to raise its policy interest rate further is expected to affect&hellip;\n","protected":false},"author":2,"featured_media":195243,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1396,30379,138,219,1943,23122,111,139,69],"class_list":{"0":"post-195242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-banks","9":"tag-boj","10":"tag-business","11":"tag-economy","12":"tag-inflation","13":"tag-japanese-economy","14":"tag-new-zealand","15":"tag-newzealand","16":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/195242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=195242"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/195242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/195243"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=195242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=195242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=195242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}