From Breakingviews - Japan Post’s deal will test interest rate optimism
There is more rationalisation work to do. The Ministry of Finance holds over a third of Japan Post Holdings
, which in turn retains big stakes in the banking and insurance units – although it has trimmed the latter to below 50%. The bank position is now being partly unwound to meet new minimum tradeable share rules. Japan Post Holdings plans to unload shares worth up to $9.3 billion, Reuters
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