Kyoto Financial Group Weighs Selling Strategic Shareholdings Amid Rising Rates

Kyoto Financial Group is considering divesting some of its $6 billion in unrealized gains from strategic cross-shareholdings in other Japanese firms. President Nobuhiro Doi indicated this shift is prompted by rising interest rates, which enhance lending profitability over stock dividends. The bank aims to reduce these holdings by over ¥300 billion by March 2029, potentially impacting the Japanese market.