Reported over 1 year ago
In the midst of persistently high US interest rates and widening losses in US bonds, Mizuho Bank of Japan announced that its losses for the fiscal year 2024 are projected to triple from 500 billion yen to 1.5 trillion yen. This exemplifies the impact of the Federal Reserve's aggressive rate hikes, leading to a decline in US bonds and financial institutions lacking hedging strategies experiencing losses. Mizuho Bank plans to sell US and European bonds with a value of 10 trillion yen this year to mitigate losses, reflecting a challenging market environment affected by rising interest rates.
Source: YAHOO