Japan Post Bank eyes US$16b shift into stocks
Its Wednesday trading debut sets the stage for a transformation of large parts of Japan's financial industry
Add BT as a preferred source
Tokyo
JAPAN Post Bank Co, whose debut as a public company will prompt increased scrutiny of its investment returns, will take a cautious approach as it shifts some of its 207 trillion yen (S$2.39 trillion) asset portfolio away from government bonds. That could still lead to about US$16 billion flowing into equities.
The bank may boost its allocation of shares by "a little", president Masatsugu Nagato said in an interview in Tokyo, estimating that equity investments could be raised to about two trillion yen from just 900 million yen now. Japan Post Bank is also considering allocating money to alternative investments such as private equity and US real estate investment trusts, he said.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
New EC rules to cool prices: MOP doubled to curb flipping, no more deferred payments and more units for first-timers
Upcoming EC projects that are exempt from new rules get a ‘bonus’, as buyers steer towards them: analysts
Dasmond Koh’s NoonTalk Media narrows Q3 loss by 41.9% to S$0.4 million
