Monday, October 1, 2007

Japanese Post Office

From BBC Article:

"Japan has started the privatisation of its postal service, forming the world's largest commercial bank in the process.

"Under a 10-year plan, Japan Post is being split into four firms to run its banking and insurance operations, mail deliveries and post offices.

"Japan Post's banking unit has 400 million accounts and assets of 349.8 trillion yen ($3 trillion; £1.5 trillion), the world's largest.

"The banking and insurance units should float on the stock exchange by 2010."


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