TOKYO -- Japanese agricultural lender Norinchukin Bank did not conduct large-scale sales of U.S. Treasurys following the implementation of "reciprocal" tariffs by the Trump administration, President and CEO Taro Kitabayashi told Nikkei in a Wednesday interview.
U.S. stocks, government bonds and the dollar all suffered after the tariffs took effect earlier this month, though U.S. President Donald Trump later announced a 90-day pause for most of the levies on trading partners except China. The plunge in Treasury prices sent yields soaring, which many market watchers attributed to Chinese and Japanese bondholders dumping the assets.
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