Japan Post planning $4 billion sale of shares in Japan Post Bank, sources say

Shares in Japan Post Bank fell 4% after Reuters broke the news that Japan Post Holdings is planning to reduce its stake in the bank below 50%, which could total some 600 billion yen ($4.02 billion) two sources familiar with the matter said, in the latest loosening of ties between the businesses.

The postal giant, whose shareholders include the Japanese government, plans to reduce its stake below 50%, said the two sources and a third person familiar with the plan.