Episode 163: Japan's Norinchukin Bank dumps U.S. government bonds!

This episode looks at the major decision this week from Japan’s Norinchukin Bank to dump $63 billion of low-yielding U.S. and European government bonds due to major losses in its bond portfolio. Norinchukin is the 5th largest bank in Japan with $357 billion in assets. The banks decision to sell its bonds also coincides with the Japanese governments current action in reducing government bond purchases due to the higher-for-longer interest rate environment. A link to the article from Yahoo Finance is included below.

Link: Japan's Century-Old Bank Sends Warning to World on Higher-for-Longer Rates (yahoo.com)