Summary: Norinchukin Bank reported a net profit of 58 billion yen ($393 million) in the first quarter, reversing a net loss from the same period the previous year. The bank sold low-return foreign government bonds, reducing funding costs and unrealized losses, though 1.22 trillion yen ($8.26 billion) remain.

Link: https://www.channelnewsasia.com/business/japans-norinchukin-bank-swings-393-million-profit-in-first-quarter-5280061