Roundup: Japan's century-old bank faces mounting crisis over high U.S., European rates

TOKYO, June 22 (Xinhua) -- Century-old Japanese financial institution Norinchukin Bank has announced plans to sell approximately 10 trillion yen (about 63 billion U.S. dollars) in overseas bonds, primarily U.S. and European government bonds, by the end of the current fiscal year in March 2025, as it faces massive losses.

The move aims to mitigate the risks associated with holding low-yield bonds amidst high inte