BY AGNES T. CRANE DOW JONES NEWSWIRES
There are plenty of political hurdles to clear before Japan's mammoth postal system heads toward privatization, but the possibility of reallocating some of its $3 trillion in assets into foreign bonds already has analysts crunching the numbers.
Japan Post is more than just mail. The postal savings operations, with $1.9 trillion in assets, would constitute Japan's largest bank if broken out into a stand-alone entity. It is also a life insurer that manages approximately $1.1 trillion, according to Citigroup analysts who expect a good portion of these funds to flow into other markets if the banking and insurance operations fall ...
Most Recommended
“Obama never was a post-racial recon...;”
“This country will remain balkanized...;”
“The charge of "racism" is...;”
“"We have seen the divisive app...;”
“Manipulation of a Federal Election...;”