Japan’s Norinchukin Bank Reports $12.6 Billion Loss After Selling Foreign Bonds

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Coinedition 12h ago

Japan’s Norinchukin Bank Reports $12.6 Billion Loss After Selling Foreign Bonds - Coinedition

Quick Summary:

Norinchukin Bank announced a loss of approximately $12.6 billion (¥1.8 trillion) for the fiscal year ending March 2025, primarily due to big losses on its holdings of foreign government bonds, especially US Treasuries and European sovereign debt.

This didn’t come out of nowhere, since the bank was forecasting a loss of ¥1.9 trillion back in […]

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