HOME > BUSINESS > Article

Text Size

small

medium

large


Norinchukin Bank to Sell Up to 10 T. Yen of U.S, European Bonds

Norinchukin Bank to Sell Up to 10 T. Yen of U.S, European Bonds

   Tokyo, June 18 (Jiji Press)--Norinchukin Bank plans to sell up to 10 trillion yen's worth of U.S. Treasuries and European bonds, likely to leave it with some 1.5 trillion yen in consolidated net loss in the year ending in March 2025, people familiar with the matter said Tuesday.
   The Japanese bank had projected a net loss of slightly over 500 billion yen as of May. It has been struggling with latent losses on foreign bond investments.

To read a full story, please click here to find out how to subscribe.

BUSINESS

HEADLINES

POLITICS
Kishida Will Not Give Up His Bid for Re-Election as LDP Leader: Aide Kihara
ECONOMY
Govt to Submit Bill to Support Domestic Production of Next-Gen Chips: Kishida
SPORTS
IOC Approves Plan to Hold 1st Olympic Esports Games in Saudi Arabia in 2025
OTHER
Population of Japanese Citizens Falls by Record 860,000; Foreigners Top 3 M.

AFP-JIJI PRESS NEWS JOURNAL


Photos