Nomura, JP Morgan among Japan Post IPO underwriters

"Part of the proceeds will fund reconstruction of areas devastated by the 2011 earthquake and tsunami." I find this amusing, as in how much of the proceeds are we talking here. I think the sentence was included to appease and take away from the fact, that a lot of money is going to be made in this IPO.

Why not using the money to pay of staggering government debt? Government officials often think using same cash flow pattern of someone in financial trouble. Spend it all and if you have no more, borrow or print more and spend it too. We need government that operates based on business model.

Japan Post is the country’s largest savings institution, with about 176 trillion yen in customer deposits, as well as a provider of postal and insurance services.

Saving money in Japan is pretty pointless given the low interest rates, but at least they should be able to protect it from thieves (unless the government one day does a Cyprus).

The post offices in Japan have pretty terrible service compared with where I'm from. Totally not customer centric in the way they operate.

But their insurance "services" take the cake. I looked at some of their offerings and concluded that they are running a total ripoff scam. Private insurance companies offer far superior products.

The only reason JP seems to sell products is because their customers (victims) just trust JP. That's it. Oh, and maybe if you buy some JP insurance product you might be gifted tickets to see some concert once in a while. Awesome! That's enough to make the sale to lots of people in Japan though it seems, and after all, everyone should buy insurance right?

Why not using the money to pay of staggering government debt?

Yeah... they should be selling off loads of assets for that purpose. A couple of trillion yen for JP is hardly going to make a dent though.