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Japan eyes up to US$87b from Japan Post listing

Japan Post Holdings Co, which runs the country’s biggest savings institution, has drafted a plan to go public in 2015 and enable the government to raise up to 7 trillion yen (US$ 87 billion) to fund reconstruction from last year’s quake and nuclear disaster, the Nikkei newspaper said on Friday.

State-owned Japan Post, which also operates the postal service and oversees a large insurance arm, would become a listed holding company under the plan, with the government selling down a two-thirds stake in stages, the Nikkei added.


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