In 2010, the privatization was put on hold, with the Japanese Ministry of Finance remaining the 100% shareholder. However, on October 26, 2012, the Japanese government unveiled plans to list shares of Japan Post Holdings within three years, partly to raise money for the reconstruction of areas devastated by the earthquake and tsunami of 2011. As of 2020, the government still holds 57% of shares, and March 2028 was announced as the target date of privatization.