Japan Post Bank recently released a notice concerning unrealized losses on securities for the three months ended June 30, 202412. The bank reported approximately $9.3 billion in unrealized losses. This significant figure has raised concerns about the overall financial health of the institution.
🚨JAPAN POST BANK: “Notice Concerning Unrealized Losses on Securities For the Three Months Ended June 30, 2024”
~9.3bn$ of Unrealised Losses worth a stand alone warning, but we know already the hole is much larger 👀
I found the official notice in English 👇🏻 t.co/7eJ4zQrmCG pic.twitter.com/TZjgLQGHlg
— JustDario 🏊♂️ (@DarioCpx) July 26, 2024
Sources:
www.jp-bank.japanpost.jp/en/ir/press/2024/en_ir_prs_000130.html
www.jp-bank.japanpost.jp/en/ir/press/2024/pdf/pr240726.pdf