TOKYO — Japanese agricultural lender Norinchukin Bank did not conduct large-scale sales of U.S. Treasurys following the implementation of “reciprocal” tariffs by the Trump administration, President and CEO Taro Kitabayashi told Nikkei in a Wednesday interview.
U.S. stocks, government bonds and the dollar all suffered after the tariffs took effect earlier this month, though U.S. President Donald Trump later announced a 90-day pause for a portion of the levies. The plunge in Treasury prices sent yields soaring, which many market watchers attributed to Chinese and Japanese bondholders dumping the assets.
