Japan government to sell stake in Japan Post

02 Jan, 2015

The Japanese government plans to sell part of its stake in Japan Post Holdings and its banking and insurance units in a public offering in September, two sources with knowledge of the plan said. Japan Post president Taizo Nishimuro will hold a press briefing on Friday, when the offering will be announced, the sources said. In addition to a network of more than 20,000 post offices, Japan Post runs the country's biggest banking and insurance operations, overshadowing non-state lenders and insurers.

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