A recent article titled “Norinchukin Bank to Allow External Executive Appointments Following Foreign Bond Losses”(Nikkei) has brought the bank into the spotlight.
For those without access to the article, a summary is provided below.
As someone with over 20 years of experience working in global offices of major foreign investment banks, I can attest that Norinchukin Bank stands out as the sole Japanese financial institution recognized for its investment expertise in global markets.
Neither Japan’s mega banks nor its leading insurance companies come close to matching Norinchukin’s level of investment analysis.
While recent structural changes are aimed at addressing massive losses, I worry that this transformation may lead to the erosion of the financial literacy and expertise that Norinchukin has painstakingly built over the years.
Losing this institution as Japan’s only truly professional global investor would be a tragedy.
While some may disagree, I hope readers will consider this perspective, drawn from my years of interaction with Norinchukin in the global markets.
Norinchukin Bank’s Role:
A Comparison with Shinkin Central Bank
To understand Norinchukin Bank’s significance, it helps to compare it with Shinkin Central Bank.
