TOKYO: The Japanese government unveiled yesterday plans to sell up to US$4.6bil of shares in Central Japan Railway Co (JR Tokai) as part of its efforts to trim the country's massive public debt.
The Japan Railway Construction, Transport and Technology Agency said it planned to sell up to 600,000 JR Tokai shares, or about a 27% stake. That would be worth some 520 billion yen (US$4.64bil) at JR Tokai's closing price yesterday.
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