Japan's Norinchukin Bank mulls 1 trillion yen capital increase

Japan's Norinchukin Bank is considering a capital increase of about 1 trillion yen ($6.4 billion) to bolster its financial standing that is undermined by unrealized losses from its holdings of overseas bonds, including U.S. Treasuries, a source familiar with the matter said Sunday.Norinchukin will discuss the matter with its main investors such as the Japan Agricultural Cooperatives, as it could post a net loss of around 500 billion yen in the year ending March 2025 due to the disposal of the unrealized losses.The bank is likely to use subordinated loans, which have a lower repayment priori…READ FULL ARTICLE