What will bend, what will break?
Can't look at Japan without looking at Norinchukin. The interest rate risk in their banking book is off the scale: https://www.netinterest.co/p/farmers-that-finance-the-world
Can't look at Japan without looking at Norinchukin. The interest rate risk in their banking book is off the scale: https://www.netinterest.co/p/farmers-that-finance-the-world