The Zhitong Finance App learned that in the previous fiscal year, Yamaguchi Financial Group Inc. (Yamaguchi Financial Group Inc.) recorded a loss of 400 million US dollars due to the sale of Japanese treasury bonds. At the time, the group thought it had completed the “clearing” task a few years ahead of schedule, but as it turned out, this was far from enough. Yamaguchi Financial Group CEO Keisuke Mukunashi said that due to the Bank of Japan's interest rate hike moving faster than expected, the group is currently planning to further reduce its holdings of Japanese treasury bonds from its 2.04 trillion yen (about 13 billion US dollars) securities portfolio.

The Zhitong Finance App learned that in the previous fiscal year, Yamaguchi Financial Group Inc. (Yamaguchi Financial Group Inc.) recorded a loss of 400 million US dollars due to the sale of Japanese treasury bonds. At the time, the group thought it had completed the “clearing” task a few years ahead of schedule, but as it turned out, this was far from enough. Yamaguchi Financial Group CEO Keisuke Mukunashi said that due to the Bank of Japan's interest rate hike moving faster than expected, the group is currently planning to further reduce its holdings of Japanese treasury bonds from its 2.04 trillion yen (about 13 billion US dollars) securities portfolio.