Given that every working class Japanese view it as more than a mail / parcel service, does the recent Japan Post IPO prove to be very economically viable?
By: Ringo Bones
Even though it’s proposed stock listing dates back to when
Junichirō Koizumi was still
Japan’s Prime Minister, the recent Japan Post IPO managed to create enough
Asian stock market buzz that today, November 4, 2015, that Asian stock markets
managed to close higher despite of the lingering concerns over the Mainland
Chinese economic slowdown. But is the recent Japan Post IPO really economically
viable?
In actuality, every working Japanese see Japan Post as more
than just a “mere” mail / parcel service provider. Most of them actually had
significant amounts of money deposited and invested in Japan Post that every
tenured economist view Japan Post as the “world’s largest commercial bank”.
Japan Post’s recent stock listing allowed its shares to surge 1.3 percent higher
on the Nikkei Stock Exchange a few hours ago, though eventually, Japan Post
hopes to raise 11.6 billion US dollars on the stock market. Not bad given that
the Japanese government only sold 10-percent of its stake at Japan Post and
most of the stock purchasers are seasoned institutional investors – although it
is actually the biggest asset sell-off by the Japanese government of the last
30 years. Could the world’s largest bank eventually grow bigger?
