Japan Post to book net loss for FY 2016, 1st since privatization

Japan Post to book net loss for FY 2016, 1st since privatization

Japan Post Holdings Co. President Masatsugu Nagato prepares to face a press conference in Tokyo on April 25, 2017. Japan Post Holdings said it is set to fall into the red for the first time since it was privatized in 2007, expecting a net loss of around 40 billion yen ($363 million) for the business year ended March due to losses related to its Australian subsidiary. (Kyodo) ==Kyodo

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