Japan's biggest banks ready to increase JGB holdings despite growing losses

By Anton Bridge TOKYO, Feb 6 (Reuters) - Japan's two largest banks say they are set to increase their holdings of Japanese government bonds as rising interest rates promise higher returns, even though unrealised losses on existing bond portfolios have grown. The banks - Mitsubishi UFJ Financial ​Group and Sumitomo Mitsui Financial Group - have steadily cut their holdings of JGBs over the past decade as the central bank's embrace of ‌ultra-low rates meant paltry returns on offer. That trend now seems l ...