Japan Post reportedly set to announce trillion-yen share sale

Japan Post is set to announce plans for a share sale by the government, according to local sources. A report published by Singapore’s Straits Times today (6 September) said that “people with knowledge of the matter” have indicated that Japan’s Ministry of Finance plans to offer between one trn and 1.4 trn yen of Japan Post Holdings shares to local and overseas investors by the end of this month.

However, these informed sources reportedly added that the process could be delayed if the Korean diplomatic situation deteriorates further.

Meanwhile, Japan Post has reported that it will raise the fees for its door-to-door parcel delivery service by an average 12% from next March.