MUFG slashes JGB book by 27%
Second-quarter cuts lead to smallest AFS government bond portfolio since at least 2013
Mitsubishi UFJ Financial Group (MUFG) offloaded 27.1% of its available-for-sale (AFS) Japanese government bond (JGB) portfolio in the second quarter, bringing holdings to their lowest level in more than a decade.
The bank reduced its AFS government bonds to ¥15.4 trillion ($104.8 billion) as of June 30, down from ¥21.2 trillion three months earlier. The move resumed a long-term downward trend in
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