Japan's Nochu to buy over $50bn of securitised products

News

Norinchukin Bank (Nochu), Japan's fourth largest by assets, plans to increase investments in collateralised debt obligations (CDOs) and other asset-backed securities by more than Yen6 trillion ($55 billion) in the next two years.

The revelation was reported in the Financial Times, which attributed the move to comments made by Masanobu Takatani, a senior managing director at Nochu, which provides financial services to Japan's agricultural, forestry and fisheries co-operatives. A source at the bank

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