Foreign news: Japan Post and its banking and insurance arms to list, Mitsubishi Bank increases stake 17 June 2015 3:26PM Banking Day staff Foreign news, Japan Post Holdings and its banking and insurance arms will file for listings on the Tokyo Stock Exchange, the Japan Times reports. The initial public offering for the three entities is expected to total ¥1 trillion to ¥2 trillion, bringing their total market capitalization to some ¥10 trillion. The Japanese Government plans to gradually sell Japan Post Holdings shares until its stake in the company falls to a little more than one-third. Aberdeen Asset Management has decided to sell £100 million of non-voting shares to Japan's Mitsubishi UFJ Trust and Banking Corporation, which already owns a 17 per cent stake in Aberdeen. Portfolio Adviser reported that Aberdeen said the money raised from issuing 200 million shares at 50 pence a share would be be used as seed capital in new product launches.