(L to R) Japan Post Holdings Co. President Masatsugu Nagato and Director Kunio Yokoyama, speak during a news conference at the company headquarters on April 25, 2017, Tokyo, Japan. Japan Post Holdings reported a deficit of 40 billion yen for the fiscal year ending in March 2017 after deciding to write off JPY 400,000 billion from the value of its Australian Toll Holdings Ltd. unit. The company announced that it will cut 1,700 jobs at Toll by March 2018. (Photo by Rodrigo Reyes Marin/AFLO)

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Japan Post reports 40 billion yen deficit for FY 2016
(L to R) Japan Post Holdings Co. President Masatsugu Nagato and Director Kunio Yokoyama, speak during a news conference at the company headquarters on April 25, 2017, Tokyo, Japan. Japan Post Holdings reported a deficit of 40 billion yen for the fiscal year ending in March 2017 after deciding to write off JPY 400,000 billion from the value of its Australian Toll Holdings Ltd. unit. The company announced that it will cut 1,700 jobs at Toll by March 2018. (Photo by Rodrigo Reyes Marin/AFLO)

Filename: aflo_gxta_japanpostdeficit035.JPG
Photographer: All Rights Reserved
Source: AFLO
Date 25 Apr 2017
Location: Tokyo Japan
Credit: Rodrigo Reyes Marin/AFLO
Copyright: All Rights Reserved
Model Release: No
Property Release: No
Restrictions: No third party sales
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Keywords:
Economy
financial
Japan Post Holdings
Japan Post
Toll Holdings
company
Australian company
President
fiscal year
Masatsugu Nagato
Director
Kunio Yokoyama