Economy / FinanceAsiaEuropeNorth America

Sean Foo: Major Japanese Banking Giant to Sell $63 Billion in US Treasuries


Norinchukin Bank, one of Japan’s oldest and largest financial institutions, is facing a crisis with massive losses amounting to tens of billions of US and EU bonds. This development has sent shockwaves through the financial world, as the bank is being forced to sell off a significant portion of its bond holdings. The root of Norinchukin’s troubles can be traced to several interconnected factors, including the collapsing Japanese economy, the weakened yen, and the Federal Reserve’s interest rate hikes. As Japan’s third-largest bank, Norinchukin has substantial exposure to the domestic economy, which has been struggling with low growth and deflation…

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