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Politics

Insurance scandal delays Japan Post privatization by 5 years

Stock price wallows below threshold for successful float

Japan Post Holdings' stock price has dropped below the threshold needed for the government to raise 4 trillion yen for disaster relief. (Photo by Kaisuke Ota)

TOKYO -- The Japanese government has decided to extend the deadline to divest more Japan Post Holdings stock by five years, a move directly related to an insurance scandal within the group.

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