The Japanese government wants to use the assets of Japan Post, the world’s largest bank with deposits of Y170,000bn ($1,870bn), to spur domestic regional development and expand into overseas lending. The assets are currently mainly held in US Treasuries and Japanese government bonds. But Shizuka Kamei, financial services minister, told the FT that the government would develop a new business model for Japan Post. As part of its plan, the government is set to freeze the listing of Japan Post Bank and Japan Post Insurance.

This entry was posted by Gwen Robinson on Tuesday, October 20th, 2009 at 4:55 and is filed under Capital markets. Tagged with Japan Post Bank. Edit this entry.