Mizuho Corporate Bank said Thursday it set its long-term prime lending rate for April at 2.30%, up from 2.25% in March.

The new rate will be effective from Friday, the unit of Mizuho Financial Group Inc. (8411.TO) said. The long-term prime rate is a benchmark for many personal, housing and corporate loans in Japan.

-By Megumi Fujikawa, Dow Jones Newswires; 813-5255-2929; megumi.fujikawa@dowjones.com