The Japanese Ministry of Finance will discuss the possibility of selling more of the government’s stake in Nippon Telegraph & Telephone Corp, Minister of International Trade and Industry Ryutaro Hashimoto quoted Finance Minister Masayoshi Takemura as saying: Takemura told the meeting in response to Nonaka’s suggestion that the government must consider whether to lift the freeze on sales; as of March 31, the government owned 65.6% of a total 15.6m shares outstanding; the Nippon Telegraph Corporation Act states the government must retain 5.2m shares or one-third of Nippon Telegraph’s capital; the government offered 1.95m shares to the public for $12,000 each in 1986-87; a second tranche of 1.95m shares for $25,500 each was offered in 1987-88, and a third tranche of 1.55m shares was offered at $19,000 each in 1988-89.
