(Reuters) – Japan’s biggest savings institution, Japan Post Holdings Co, has drafted a privatization plan enabling the government to raise up to 7 trillion yen ($87 billion) to fund reconstruction from last year’s quake and nuclear disaster, the Nikkei newspaper said.

Japan Post Minister Shimoji:

  • Japan will start preparing Japan Post IPO, wants to list within three years.
  • Says shares will be sold in multiple offerings.