JAPAN POST INVEST 8% STAKE IN RAKUTEN FOR PARTNERSHIP IN DELIVERIES

Highlights –

• Japan Post invest 8% stake in Rakuten for partnership in deliveries.
• The news leads Rakuten shares to shoot up 8.6% in Friday trading.
• The country’s post office will gain technology advice and personnel from Rakuten.
• Both the establishments may venture into cooperation for cashless payments.

Japan's postal system on Friday announc....