Norinchukin Says No Extra Funding Needed, Mulls JGB Investment

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Norinchukin Says No Extra Funding Needed, Mulls JGB Investment
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Norinchukin Bank said it doesn’t need additional funds beyond a planned 1.2 trillion yen ($7.6 billion) capital raise, despite tripling an estimate of potential losses this week.

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Norinchukin Eyes Assets Including CLOs, Stocks After Bond LossNorinchukin Eyes Assets Including CLOs, Stocks After Bond LossNorinchukin Bank, Japan’s biggest agricultural bank, will diversify its investment portfolio after selling roughly 10 trillion yen ($63 billion) in US and European sovereign bonds.
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