TOKYO -- Japanese agricultural lender Norinchukin Bank's President and CEO Kazuto Oku will step down to take responsibility for the bank's huge loss in the fiscal year ending March.
Finance
Japan's Norinchukin Bank CEO to resign over huge losses
Kazuto Oku to be replaced by Chief Financial Officer Taro Kitabayashi
Norinchukin President and CEO Kazuto Oku will step down at the end of March to take responsibility for the bank's huge losses stemming from its foreign bondholdings.
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