Reported about 8 hours ago
Joyo Bank Ltd., one of Japan’s major regional banks, is currently refraining from purchasing Japanese government bonds due to anticipated rising interest rates. The bank's managing executive officer, Yoshitsugu Toba, expects the Bank of Japan to increase rates only once by July, yet he highlights the risk of further yield increases in the future. Traditionally a significant buyer of government debt, regional banks like Joyo have reduced their holdings in response to the Bank of Japan's easing measures, preferring to invest in floating-rate products and other assets as interest rates rise.
Source: YAHOO