In the Press

Biggest winner from Japan Post IPO: Abenomics
By Nyshka Chandran | @nyshkac
on Oct 19 2015 11:26 PM
  • PIT

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"The IPO is a big feather in the hat for Abe and Abenomics," Gavin Parry, managing director at Parry International Trading, told CNBC on Tuesday, a day after the two subsidiaries priced their IPO offerings at the top of the range, indicating strong interest from retail investors. Parent firm Japan Post is due out with pricing next week. Because the IPO is targeting individual investors, consumer spending—essential to Abenomics—is expected to get a boost if the overall public profits from shares. "It [the IPO] is trying to get increased share ownership in the domestic society, getting money out of the mattresses and putting it to work. Japan Post is a cornerstone in Japan, it's a well-known entity, part of everyday life, so for the domestic Japanese, it should become a core long-term holding in any stable portfolio," explained Parry.

  Link : http://www.cnbc.com/2015/10/19/consumer-spending-boost-from-japan-post-ipo-a-boon-for-abenomics.html

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