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Aso says need to watch North Korea impact when considering Japan Post share sale
September 5, 2017 / 2:11 AM / 3 months ago

Aso says need to watch North Korea impact when considering Japan Post share sale

TOKYO (Reuters) - Finance Minister Taro Aso said on Tuesday that various factors must be taken into account when considering a follow-up sale of shares in Japan Post Holdings, including the impact of North Korean tensions on equities markets.

FILE PHOTO: Japan's Prime Minister Shinzo Abe (L) talks with Deputy Prime Minister and Finance Minister Taro Aso during a photo session with other his cabinet ministers at Abe's official residence in Tokyo, Japan, August 3, 2017. REUTERS/Kim Kyung-hoon

Sources have told Reuters the Japanese government is preparing to sell about 1.4 trillion yen ($13 billion) worth of shares in Japan Post Holdings as soon as the end of this month. That would be the first sale since the company’s 2015 listing.

“It is undecided. We need to see the potential impact from the North Korea situation on stock markets,” Aso told reporters after a cabinet meeting.

Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher

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