Japan weighs selling rest of NTT stake for defense funding

Full privatization of telecom company on the table, despite legal hurdles

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The Japanese government is NTT's largest single shareholder, with a stake slightly above the legal requirement of one-third. (Photo by Kosuke Imamura)

RYUTO IMAO and MASAYA KATO, Nikkei staff writers

TOKYO -- The Japanese government will consider selling its 34% stake in Nippon Telegraph and Telephone to help fund its defense buildup, a senior official from the ruling Liberal Democratic Party said Tuesday.

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