Society

Japan aims to raise Y1.4 tril in Japan Post share sale

Sep 12 (Japan Today) - Japanese said Monday it would sell off another chunk of the country's massive postal service in a share sale that could raise up to 1.4 trillion yen.

Tokyo said it would sell up to 990 million shares in Japan Post, or about 22 percent of its outstanding shares, the finance ministry said in a statement.

The sale could raise 1.4 trillion yen based on Monday's closing price of 1,321 yen. The sale price will be decided sometime between September 25 and 27, it added.

After years of delays, 1.43 trillion yen was raised in an initial public offering in late 2015 that included shares in Japan Post's banking and insurance units.

The bulk of proceeds from selling shares in the government-owned behemoth were earmarked for reconstruction efforts after Japan's 2011 quake-tsunami disaster.

The earlier sale came amid hopes starting to privatise what is effectively the world's biggest bank by deposits could boost investor sentiment and spur efforts to cut red tape in Japan's highly regulated economy.

The sprawling postal group has a network of some 24,000 bureaux across the nation and sits on assets worth more than 290 trillion yen.

Source: ANNnewsCH

Ferrari Auctioned for Over 170 Million Yen, Sets New Record

A Ferrari seized from a tax delinquent was auctioned by the Tokyo Regional Taxation Bureau, fetching over 170 million yen, the highest bid ever recorded for such an auction.

Zao’s Snow Monsters Face Extinction

Zao’s iconic snow monsters, the frost-covered trees known as 'juhyo,' face an existential threat. These towering, snow-laden trees have long been a winter highlight in the region, famously resembling monstrous figures covered in snow. However, their survival is now under severe threat.

Japan Ranks 92nd in English Proficiency, Lowest in History

EF Education First, a global education organization, published this year’s English Proficiency Index on Wednesday, ranking nations worldwide. Japan’s ranking stood at 92nd among 116 countries and regions, continuing a 14-year trend of record lows.

Famed Hot Spring Struggles to Handle Visitor Surge

Ginzan Hot Springs in Yamagata, known for its Taisho-era charm, is now at peak season for autumn foliage. While this secluded onsen town is a well-known destination in the Tohoku region, an influx of foreign tourists has led local officials to implement restrictions on day visitors starting next month.

Convenience Stores to Start Selling Over-the-Counter Drugs

Japan's Ministry of Health, Labour and Welfare has announced plans to allow the sale of over-the-counter drugs at convenience stores without on-site pharmacists.

MEDIA CHANNELS

MORE Society NEWS

Why are there millions of empty houses in Japan?

In Japan, the number of abandoned homes - known as Akiyas - is at an all-time high, with 9,000,000 million properties sitting empty on city streets and turning rural communities into ghost towns. (BBC World Service)

Japan finally fights back

Nuisance streamers and content creators have been using Japan as a background for their social media feeds for awhile now. But now the Japanese are finally getting fed up and actually going after them over their disruptions. (Decoy Voice)

Miyazaki Hayao receives Magsaysay Award, known as Asia's Nobel Prize

This year's Ramon Magsaysay Award has been granted to Japanese animation master Miyazaki Hayao. The award, known as "Asia's Nobel Prize," is annually given to individuals and organizations who have contributed to peace and development in Asia. (NHK)

Japan's Imperial Family members bid farewell to late Princess Mikasa

A series of farewell rites and events has begun for Japan's Princess Mikasa, who passed away on Friday. She was the widow of Prince Mikasa, a younger brother of the late Emperor Showa. (NHK)

Princess Mikasa passes away at 101

Japan's Princess Mikasa, whose given name is Yuriko, passed away at the age of 101. The princess was the widow of Prince Mikasa, a younger brother of the late Emperor Showa. (NHK)

A Day in TOKYO in 1975 | 昭和東京

An hour long documentary looking at the life of the Sugiura family, fish merchants and caterers living in Tokyo. Producer, director, John Nathan Explores the professional and personal lives of a Japanese family, Takes a look at the everyday life of a Japanese family living in Tokyo. (TRNGL)

More Elderly Living Alone in Japan

The number of single-person households in Japan is expected to surpass 40% by 2050, according to recent projections.

Japan's Abandoned Car Issue - Millions in Forgotten Legends

It's no secret that Japan is lined with seemingly forgotten about cars. This is the second video I dedicate to showing you guys what I can sometimes run across in my travels and as much as it is sad to see cars left to crumble away into nothingness, there's always something impossibly visual about seeing grimy decay, especially if on cars we all love so much. (Dino DC)

< 2 3 4 5 >