Norinchukin Bank Posts Record Net Loss of 1.8 T. Yen
Tokyo, May 22 (Jiji Press)--Japan's Norinchukin Bank on Thursday reported a record consolidated net loss of 1,807.8 billion yen in fiscal 2024, citing hefty losses on foreign bond investments.
The red ink far exceeded the previous record of 572.1 billion yen marked in the year that ended in March 2009, when financial markets were plunged into turmoil following the 2008 collapse of U.S. investment bank Lehman Brothers.
(2025/05/22-17:17)
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