• Bloomberg

  • SHARE

Sumitomo Mitsui Financial Group Inc., the biggest seller of Japanese government bonds among the nation’s three biggest banks, may start buying again once inflation picks up, President Koichi Miyata said.

The lending unit of Japan’s second-largest bank by market value stopped selling JGBs after reaching the minimum it needs on hand to use as guarantees in interbank transactions, Miyata said in an interview Friday. Sumitomo Mitsui cut its debt holdings by 47 percent to ¥14.7 trillion as of September from a year earlier, company data show.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)