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Bloomberg Signage For Japan Post Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Japan Post Insurer Plans $2 9 Billion Buyback From Parent

Japan Post Insurer Plans $2.9 Billion Buyback From Parent Bloomberg 12/17/2020 Taro Fuse and Taiga Uranaka © Bloomberg Signage for Japan Post Group is displayed in Tokyo, Japan, on Thursday, Jan. 9, 2020. Japan Post Holdings Co.’s new chief executive officer Hiroya Masuda vowed to restore the group’s reputation and said it’s too soon to think about growing the business after an insurance scandal brought down his predecessor. (Bloomberg) Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter.

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