How Japan's Norinchukin Bank ended up battling Treasury sales rumors

Japan's huge bondholdings and time difference spurred speculation

20250415N Norinchukin

Norinchukin Bank President and CEO Taro Kitabayashi denied rumors that the lender dumped Treasurys over the Trump tariffs. (Photo by Satoko Kawasaki)

HARUKI KITAGAWA

TOKYO -- Japan's big footprint in the U.S. bond market and the time difference between the two countries seem to have fueled the speculation that Japanese agricultural lender Norinchukin Bank was among the sellers in the massive U.S. Treasurys sell-off last week.

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