Japan Post confirms purchase of Australian-based Toll Holdings

FXStreet (Bali) - Japan Post has confirmed the purchase of Australian-based Toll Holdings takeover, with the Japanese company agreeing to a USD5.1 bln takeover of Australia's Toll Holdings, with the deal expected to get regulatory approval.

The takeover news should be seen as positive for the Japanese economy mid-term, as a more global presence will result out of the deal. The Australian Dollar has been supported in the anticipation of the M&A flow-related activity.