Japan Post Bank Waits to Plow 100 Billion Yen Into Stocks
- Company also plans to buy more high-yielding overseas bonds
- Investment needs to be strongest in alternative assets: Sago
Pedestrians walk past a Japan Post Bank Co. branch in Tokyo, Japan, on Friday, Dec. 26, 2014. Japan's government plans to split Japan Post Holdings Co. into three listed companies by selling shares to the public in August or later as it privatizes the nation's biggest consumer bank.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter.
Japan Post Bank Co. plans to spend an initial 100 billion yen ($904 million) directly buying stocks -- when it finds the right opportunities.