Mizuho Financial Group (TYO:8411) is managing its securities portfolio with a highly conservative approach, strategically preparing for future investment opportunities, Bloomberg News reported Tuesday, citing CEO Masahiro Kihara.
Kihara indicated the bank will refrain from significantly expanding its bond holdings until greater clarity regarding the Bank of Japan's interest rate policy is provided, according to the report.
This prudent strategy has involved a substantial reduction in its Japanese government bond holdings over the past three years, alongside a more recent decrease in foreign bond positions after realizing some losses, added the news wire.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.