Matchbox Technologies Partners with Norinchukin Bank for Customer Introduction Agreement Matchbox Technologies has signed a customer introduction agreement with Norinchukin Bank's Toyama branch to enhance flexible job opportunities.

Matchbox Technologies Partners with Norinchukin Bank for Customer Introduction Agreement #Japan #Toyama #Matchbox #Norinchukin

Japan’s Norinchukin Bank rebounds to a ¥58B ($393M) profit in Q1, coming back from last year’s ¥412B loss! Strategic bond sales cut costs! The full-year profit forecast: ¥30B–¥70B.
www.reuters.com/markets/asia...
#Japan #Banking #Norinchukin #Markets

#Japanese farmers’ bank vows caution after $12bn loss from Treasuries bet
New #Norinchukin chief says co-operative known for voracious buying of US #debt had taken positions that were too risky
[ #FT ]

#sundayvibes #depopulation #k

Japanese government bonds ’within range’ as investment target, says Norinchukin’s new head By Anton Bridge, Miho Uranaka and Tomo Uetake TOKYO (Reuters) -Japanese government bonds (JGBs) are now a natural investment target over the medium and long term for Norinchukin Bank as the return of inflation and higher interest rates have made them more attractive, its new chief executive said. Since last year, the Japanese investment heavyweight has been selling off tens of billions of dollars worth of foreign bonds after incurring massive losses on its holdings when interest rates in the U.S. and Europe rose higher than expected. High foreign exchange hedging costs also support JGB acquisitions, Taro Kitabayashi told Reuters in an interview. He added it was too early to say how President Donald Trump’s imposition of tariffs and the resulting impact on the global economy would affect Norinchukin’s portfolio. Norinchukin, Japan’s main financial institution for farm, forestry and fishery cooperatives, is one of Japan’s largest institutional investors and its strategy is closely watched by market participants. Foreign government bonds had previously made up around 50% to 60% of its around 45 trillion yen ($315.50 billion) of market assets, Kitabayashi said, as it sought out higher returns abroad over the years of ultra-low interest rates in Japan. In the nine months ended December 2024, it sold off 12.8 trillion yen of low-yielding assets, mostly U.S. and European government bonds. In their stead, Norinchukin is considering new investments, including in JGBs, equities, real estate, private equity and infrastructure, but has not set targets, Kitabayashi said. "We could scarcely invest in Japanese government bonds when interest rates were negative and low, but now interest rates are higher, they naturally count as among our investment targets," Kitabayashi said. It expects to book a 1.9 trillion yen loss for the 12 months ended on March 31, but has forecast a modest profit of between 30 billion and 70 billion yen in the year to March 2026 on returns from new investments and higher interest rates in Japan. ($1 = 142.6300 yen) Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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Charts showing funding costs for Japanese borrowers of US dollars

Chart showing Norinchukin's declining and then negative net interest income

Chart showing US interest rate cuts expectations for 2024 - starting with 200 basis points of cuts expected in January and shrinking to less than 75 basis points of cuts expected recently

How #Norinchukin Bank burn itself with leveraged foreign currency rates bets I can explain. Why they didn't hedge or get out of losing positions sooner is... 🤦‍♂️#nochu
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