Laeserin on Nostr: >>The value of its bond holdings fell as U.S. interest rates rose. At the end of ...
>>The value of its bond holdings fell as U.S. interest rates rose. At the end of 2023, the bank's unrealized losses had grown to 1.9 trillion yen. Rising U.S. interest rates have also increased the cost of dollar funding, which has put pressure on earnings.
...The cost of procuring dollars and other foreign currencies increased by more than 800 billion yen on the year to about 1.1 trillion yen in the April-September 2023 period due to higher interest rates.<<
https://asia.nikkei.com/Business/Finance/Japan-s-Norinchukin-Bank-eyes-raising-7.7bn-in-fresh-capitalPublished at
2024-05-19 11:53:53Event JSON
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