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Norinchukin Bank Starts Talks for 1.2-T.-Yen Capital Boost

Norinchukin Bank Starts Talks for 1.2-T.-Yen Capital Boost

   Tokyo, May 22 (Jiji Press)--Norinchukin Bank has started talks with agricultural cooperatives across Japan and other investing organizations, in hopes of boosting its capital by around 1.2 trillion yen, President Kazuto Oku said Wednesday.
   The central organization for agricultural, forestry and fisheries cooperatives said it expects to suffer a consolidated net loss exceeding 500 billion yen for the current year ending in March 2025, mainly due to investment losses on foreign bonds from rising interest rates in the United States and other nations.

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AFP-JIJI PRESS NEWS JOURNAL


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