Japan Post insurer plans $2.9 billion buyback to cut owner stake Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Japan Post Insurance is seeking to rebuild its business after a sales scandal last year ended with the resignation of senior management and a regulatory penalty. | BLOOMBERG
Bloomberg Dec 16, 2020
Japan Post Holdings Co.’s insurance unit plans to buy back about ¥300 billion ($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.