Norinchukin’s credit ratings have been placed on review for downgrade by Moody’s Ratings, which cited the Japanese bank’s impending large losses from sales of foreign bonds.
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Norinchukin’s Second Investing Debacle Followed Clear Warning(Bloomberg) -- The warning for Norinchukin from Japan’s financial regulator was clear — its deep reliance on foreign bond holdings was a risky strategy and...
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Norinchukin’s Second Investing Debacle Followed Clear WarningThe warning for Norinchukin from Japan’s financial regulator was clear — its deep reliance on foreign bond holdings was a risky strategy and needed to change.
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Norinchukin CEO Says Expected Loss Could Change With Market(Bloomberg) -- Norinchukin Bank isn’t ruling out further gyrations to its soured bond investments after the firm earlier this week warned they may swell to...
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Norinchukin CEO Says Expected Loss Could Change With Market(Bloomberg) -- Norinchukin Bank isn’t ruling out further gyrations to its soured bond investments after the firm earlier this week warned they may swell to...
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Norinchukin Says No Extra Funding Needed, Mulls JGB InvestmentNorinchukin 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 Sends Warning to World on Higher-for-Longer RatesFor years, it was best known as Japan’s CLO whale — a $357 billion investing giant with seemingly insatiable appetite for yield in an era of rock-bottom interest rates.
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