Japan govt aims to list Japan Post in three years
News On Japan via Reuters -- Oct 26
Japan unveiled plans on Friday to list shares of state-owned Japan Post Holdings Co, which runs the country's biggest savings institution, within three years to raise money to rebuild areas devastated by last year's quake, tsunami and nuclear crisis.
The government said it would sell down in stages and that it did not yet know how much money it would raise, though the Nikkei business daily said proceeds could reach 7 trillion yen ($87 billion) from gradually selling a two-thirds stake.
Some skeptical bankers, however, doubted the plan would even go ahead, saying it would have to overcome opposition from the financial services industry and navigate a political minefield.
民営化された「日本郵政」は、3年後をめどにした株式の上場計画を、下地郵政民営化担当相に提出した。
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