Norinchukin most exposed to rate rises on EVE among Japanese banks
Parallel upward shock would reduce bank’s EVE by almost 30% of Tier 1 capital
The Norinchukin Bank would face the largest hit to its economic value of equity (EVE) as a share of Tier 1 capital under a parallel upward interest rate shock among major Japanese banks, according to the latest available regulatory disclosures.
As of March 31, 2025, Norinchukin’s EVE would decline by ¥1.53 trillion ($10 billion) – equivalent to 29.9% of its Tier 1 capital.
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