AJA 0.00% $7.23 astro japan property group

Zzup, I doubt that the banks will use this money to re-finance...

  1. 205 Posts.
    Zzup, I doubt that the banks will use this money to re-finance Aja. The money is mainly for temporary corporate loans, not long term mortgage. As of interest, it won't have any impact. Japanese banks can access deposit money cheaply. 0.1% is the 2 year term deposit interest rate for large accounts (>10 milion yen, source: http://www.mizuhobank.co.jp/rate/deposit.html). However a lot of Japanese people are into the "carry trade", just because of the close to 0 interest rates locally.

    Cheers. Snowfree
 
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