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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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Nederland Laatste Nieuws, Nederland Headlines

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Norinchukin 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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