TOKYO -- Japanese agricultural lender Norinchukin Bank is considering raising 1.2 trillion yen ($7.7 billion) in capital, aiming to cover unrealized losses stemming from the declining value of overseas bond holdings.
Discussions have begun with Japan Agriculture Cooperatives, one of its main investor, and others, it became known on Saturday. It expects an over 500 billion yen net loss for fiscal year ending March 2025. A large recapitalization is necessary to maintain financial health.
