Mizuho Corporate Bank said Thursday it set its long-term prime lending rate for May at 2.10%, down from April's 2.30%.

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.

 
   -Tokyo Bureau, Dow Jones Newswires; 813-5255-2929