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)
To read a full story, please click here to find out how to subscribe.
BUSINESS
-
04/26 18:27 Resona Bank Sets Up U.S. Office for 1st Time in 21 Yrs - 04/26 16:02 Toyota Industries May Go Private
-
04/25 21:31 Japan Regional Lender Jimoto Holdings to Exit Govt Control - 04/25 13:18 INTERVIEW: Seven & i to Avoid Takeover Bids with Growth
- 04/25 10:29 Nidec Posts Record Annual Sales, Profit
- 04/24 23:12 China's BYD to Enter Japanese Electric Minivehicle Market
- 04/24 22:07 8 Japan Automakers' Domestic Output Down 2.7 Pct in FY 2024
- 04/24 22:00 (Update) Nissan Braces for Up to 750 B. Yen in Net Loss for FY 2024
- 04/24 21:01 Nissan Braces for Up to 750 B. Yen in Net Loss for FY 2024
- 04/24 17:05 Mitsubishi Chemical to Quit Fiber Dyeing Biz
- 04/24 16:10 2 Regional Lenders in Japan Agree to Merge in 2027
- 04/24 15:00 (Update) Toyota's Global Vehicle Sales Fall in Fiscal 2024
- 04/24 13:47 Toyota's Global Vehicle Sales Fall in Fiscal 2024
- 04/24 13:18 INTERVIEW: KDDI Aims to Use Direct Satellite Link for Drones
- 04/24 12:29 Osamu Suzuki Center to Open in India to Honor Late Chm.
- 04/24 11:16 Toyota to Invest 88 M. Dollars in West Virginia Plant
- 04/24 10:45 Applications for Nintendo Switch 2 Exceed Expectations
- 04/23 22:28 Japan Lenders Daishi Hokuetsu, Gunma Mulling Biz Integration
- 04/23 17:37 Japan's Horiba to Establish Production Base in Malaysia
- 04/23 16:18 MUFG Bank Hit by System Glitch
- 04/23 10:38 Fujitsu, Riken Develop World-Leading Quantum Computer
- 04/22 20:17 Nissan to Launch Fully Remodeled Elgrand in FY 2026
- 04/22 19:52 Hino, Mitsubishi Fuso to Finalize Merger Agreement
- 04/22 17:19 Casio Computer to Promote Takano to President
- 04/22 12:23 (Update) Nomura to Acquire Macquarie's U.S., Europe Asset Management Biz
- 04/22 09:26 Nomura to Acquire Macquarie's U.S., European Asset Management Biz
- 04/21 21:35 (Update) Central Tokyo Condo Price Tops 100 M. Yen for 2nd Year
- 04/21 19:39 Miffy Wonder Square to Open at Huis Ten Bosch
- 04/21 18:40 Unicharm Lectures Panasonic Unit's Workers on Fertility
- 04/21 18:16 Iris Ohyama to Boost Production Capacity in U.S.
- 04/21 16:35 Central Tokyo Condo Price Tops 100 M. Yen for 2nd Year
- 04/21 12:10 INTERVIEW: Norinchukin Bank to Diversify Investment Portfolio
