(Bloomberg) Japan Post Bank Co. plans to spend an initial 100 billion yen ($916 million) directly buying stocks — when it finds the right opportunities. The nation’s second-largest bank by deposits, which currently invests in equities only through passive investments in funds, is eventually aiming to boost active stock holdings to several hundred billion yen in the next five to 10 years, said Katsunori Sago, executive vice president at the Tokyo-based company.
Japan Post Bank Waits to Plow 100 Billion Yen Into Stocks
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