Japan aims to raise around $12 bn in postal giant share sale

The selling price will be decided between September 25 and 27, the finance ministry said. Some 1.43 trillion yen was raised in an IPO nearly two years ago that included shares in Japan Post's banking and insurance units. It was the country's biggest ... ( read original story ...)

Japan aims to raise $12 bn in postal giant share sale

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 1.3 trillion yen based on Monday's closing price of 1,321 yen. The sale price ... ( read original story ...)

Japan’s Government to Sell $12 Billion of Japan Post Shares

The Ministry of Finance will sell 990.1 million shares in Japan Post, including an overallotment, it said in a statement on Monday. That amounts to 1.3 trillion yen, based on the most recent closing price. The public offering will be priced as soon as Sept. ( read original story ...)

Japan Post Share Sale Will Use TV Ads to Target Individuals

That would make it the country’s largest share sale since the three-pronged IPO two years earlier. The government is reducing its stake to raise funds for the reconstruction of areas devastated by the 2011 earthquake and tsunami in northeastern Japan ... ( read original story ...)

Nikkei jumps to 1-week high on gains for exporters, financials

TOKYO, Sept 11 (Reuters) - Japan’s Nikkei rallied to a one-week high on Monday morning after the dollar recovered against the yen, lifting recently battered exporters and financial stocks which had stumbled amid the simmering tensions on the Korean ... ( read original story ...)

Tokyo futures hover near 1-week low on strong yen

TOKYO, Sept 11 (Reuters) - Benchmark TOCOM rubber futures hovered near their lowest in a week on Monday, pressured by a stronger yen against the dollar. FUNDAMENTALS * The Tokyo Commodity Exchange rubber contract for February delivery was unchanged at 226 ... ( read original story ...)

Chinese lessons get Tokyo Metro ready for Olympic surge

TOKYO -- Tokyo Metro is striving to break down the language barrier Chinese tourists face while in Japan by providing language lessons to its station staff. This is a departure from tradition. The vast majority of Japanese companies that contract for ... ( read original story ...)

Japan GDP Growth Revised Down on Softer Capital Expenditure

A decline in private capital expenditure was the largest factor in the revision to Japan’s second-quarter growth. Ministry of Finance data, which were used in the figures released Friday, had foreshadowed that business investment would prove much weaker ... ( read original story ...)

Japan economy grew 0.6% in second quarter

Japan's economy grew 0.6 percent in the second quarter, official data showed Friday, marking the longest period of expansion in more than a decade for the world's third-largest economy. The latest figure was revised down from an initial estimate of 1.0 ... ( read original story ...)

Hold the Mail on Japan Post

Japan Post group shares are relatively illiquid, as the three entities in the $12 billion IPO of November 2015 only sold 11 percent of the government's stock. A smaller Ministry of Finance stake could be a welcome route to freedom -- government ... ( read original story ...)