Japan Post books $4.7b writedown on Toll, cuts 1700 jobs

By Thomas Wilson and Taro Fuse
Updated April 26 2017 - 12:08pm, first published 11:57am

Japan Post Holdings said on Tuesday it will book its first annual loss in at least a decade, after unveiling a $US3.6 billion ($4.7 billion) writedown on its Australian logistics arm Toll Holdings.

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