Japan gov't to raise 5 tril. yen via stock sales for 2011 quake recovery

The Japanese government expects to raise over 5 trillion yen ($43.2 billion) through stock sales to use in progressing the reconstruction of northeastern areas hit by the devastating 2011 earthquake and tsunami, according to officials.Revenues from the sale of stakes in Japan Tobacco Inc. and Japan Post Holdings Co. have already reached about 4.87 trillion yen, reaching the initial target range of 4.5 trillion yen to 5 trillion yen.The Finance Ministry expects the government to raise an additional 170 billion yen by unloading some shares in Tokyo Metro Co. by fiscal 2027.Recovery works in p…READ FULL ARTICLE