Japan’s new government is poised to halt the scheduled IPOs of Japan Post Bank, the world’s largest bank by deposits, and its sister insurance company. The privatisation of Japan Post under the Koizumi administration earlier this decade broke the institution into four separate units and envisioned their sale to investors as early as next year. But Shizuka Kamei, financial services minister in the new DPJ-led government, said on Sunday that the government would submit a bill this year “to freeze plans for selling shares in units of the postal group”.

This entry was posted by Gwen Robinson on Monday, September 21st, 2009 at 4:41 and is filed under Capital markets. Tagged with Japan Post Bank. Edit this entry.