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Japan Post To Be Privatized To Fund Tsunami Rehab, Listing In 2015

PUBLISHED BY: SURENDER KUMAR
OCTOBER 28, 2012

   
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Photo Courtesy: The Financial Times

 

Japan Post plans to go public with a 2015 listing, raising $87 bn in the country's largest privatisation in two decades. Japan Post has total deposits of Y176tn is the nation's largest savings institution. Japan Post is the holding company for the post office, postal bank and postal insurance company.

 

 

The proceeds from selling Japan Post will fund the reconstruction of areas devastated in the 2011 earthquake and tsunami. The move gives a re-start to the privatisation process four years after the government first tried to privatise the postal group under Junichiro Koizumi, then prime minister.

 

 

 



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