Japan aims to raise Y1.4 tril in Japan Post share sale
Japan Today -- Sep 12
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.

財務省は11日午後、政府が持っている日本郵政の株式を追加売却すると発表しました。売却額は約1兆3000億円です。収入は東日本大震災の復興財源に充てられますが、北朝鮮情勢などで株価が低迷した場合、売却する株数が減る可能性もあります。
News sources: Japan Today, ANNnewsCH
Feb 21
Seven South Korean women attempted to smuggle gold into Japan late last month by concealing it in their rectums, officials from Aichi Prefecture’s Chubu Airport said Tuesday. (Japan Times)
Feb 21
The Japanese government says Emperor Akihito's abdication ceremony will be held next year on April 30th, the day he steps down, as a state event. (NHK)
Feb 21
In a ruling handed down Tuesday on a high-profile surrogacy case involving a 28-year-old Japanese man, a Thai juvenile and family court accepted his claim for custody of 13 children whom he had through surrogacy in the Southeast Asian country. (Jiji)
Feb 21
The Japanese government has decided to hold next year's Group of 20 Summit meeting in the western prefecture of Osaka. It will be the first time Japan has hosted the summit. (NHK)
Feb 21
A Japanese court has ordered Tokyo Electric Power Company to pay about 142,000 dollars in damages to the family of an elderly man who killed himself amid an evacuation order during the 2011 Fukushima nuclear crisis. (NHK)
Feb 21
Gangsters seeking to leave organized crime groups --- but who are in dire financial straits --- could soon get free accommodation and help with transportation costs in Fukuoka Prefecture under a unique program aimed at promoting integration back into society and in turn weakening the underworld syndicates. (Japan Times)
Feb 21
A total of 213 firms and organizations in Japan were found to have mistreated technical trainees from abroad in 2017, down 10.9 percent from the previous year and falling for the second straight year, the Justice Ministry has said. (Japan Times)
Feb 21
Tokyo Disney Resort operator Oriental Land will roll out a smartphone app in fiscal 2018 to relieve crowding issues that have frustrated guests at the popular theme park. (Nikkei)
Feb 21
Japan's land ministry plans to remove utility poles and bury overhead cables along 1,400 kilometers of roads over the next 3 years. (NHKん)
Feb 21
Tokyo Metropolitan Police have arrested employees at an antiquarian bookstore in Chiyoda Ward over the alleged possession child pornography, a case that is a nationwide first, reports TV Asahi (tokyoreporter.com)