Norinchukin Bank said Tuesday it suffered a ¥186.9 billion loss in business 2007 on its investments in securitized products affected by the U.S. subprime mortgage crisis. The loss revealed by the de facto central bank for the nation's agriculture... ...full story at Japan Times
from Japan Times on Tue, May 27 2008
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YouTube video Bank of Japan Holds Interest Rate Steady
Japan's central bank kept its benchmark interest rate unchanged at 0.5 percent Tuesday after a two-day meeting policy meeting amid deepening concerns about slower growth in the U.S. economy, a key export market. |
| 28 Oct 08 |
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Business › Norinchukin eyes raising Y300 billion capital » Japan Today Norinchukin Bank, the de-facto central bank for Japan's farm and fishing cooperatives, eyes raising some 300 billion yen in fresh capital by the yearend by… |
| 25 Apr 08 |
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Subprime woes send Nomura to ¥67.8 billion loss » Japan Times Nomura Holdings Inc. said Friday it booked a group net loss of ¥67.8 billion in the business year ended in March due to losses related to U.S. subprime mortgage loans and falling stock prices. Read the full story . . . |
| 14 Mar 08 |
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Takinogawa to get ¥20 billion fresh capital bailout from Shinkin Central » Japan Times Shinkin Central Bank, the de facto central bank for "shinkin" (credit) banks across Japan, will funnel some ¥20 billion in fresh capital into Takinogawa Shinkin Bank, which is swamped by losses from investments in securities backed by U.S. subprime loans... |
| 11 Jun 08 |
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Takinogawa Shinkin logs net loss » Japan Times Tokyo's Takinogawa Shinkin Bank said Wednesday it posted a net loss of ¥40.3 billion partly because of ¥10.6 billion in losses on sales of bonds linked to U.S. subprime mortgages in fiscal 2007, which ended in March. The financial turmoil caused by t... |
| 30 Jan 08 |
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Mizuho subprime loss may hit ¥250 billion » Japan Times Mizuho Financial Group Inc.'s losses stemming from the U.S. subprime mortgage crisis could balloon to ¥250 billion in the year ending in March instead of the ¥170 billion forecast at the end of September, banking industry sources said Wednesday. Read t... |
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