Who Gains From a Japan Post Split?

If Privatization Plan Clears, About $3 Trillion in Assets Would Get Redistributed

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 ...

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