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Japan Post Holdings Co. President Masatsugu Nagato speaks 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 Holdings Co. President Masatsugu Nagato speaks 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)