INTERVIEW: Norinchukin Bank to Diversify Investment Portfolio
Tokyo, April 21 (Jiji Press)--Norinchukin Bank will diversify its investment portfolio after suffering huge losses from foreign bonds, President and CEO Taro Kitabayashi said in a recent interview.
The Japanese bank for agricultural cooperatives expects to post a net loss of some 1.9 trillion yen for the year that ended last month after selling a large amount of U.S. and European bonds with appraisal losses.
(2025/04/21-12:10)
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