Nomura, JP Morgan among Japan Post IPO underwriters - govt

TOKYO, Oct 1 (Reuters) - The Japanese government has selected Nomura Securities and JP Morgan among the 11 underwriters for a planned initial public offering of state-owned Japan Post (IPO-JAPP.T), the finance ministry said on Wednesday.

Mitsubishi UFJ Morgan Stanley, Daiwa, SMBC Nikko, Mizuho, Goldman Sachs (NYSE: GS-PB - news) , Citigroup Global Markets Japan, UBS (NYSEArca: FBGX - news) , Tokai Tokyo and Okasan were also chosen to underwrite the offering, which is scheduled for next year and is expected to raise nearly $10 billion for the government.

Merrill Lynch and Barclays (LSE: BARC.L - news) , which had been shortlisted for the IPO, were not included among those selected.

Japan Post is the country's largest savings institution, with about 176 trillion yen ($1.60 trillion) in customer deposits, as well as a provider of postal and insurance services.

The IPO will be the first leg of the government's plan to sell up to two-thirds of Japan Post's shares. Bankers have said the government eventually hopes to raise 2 trillion to 4 trillion yen from the sale. Part of the proceeds will fund reconstruction of areas devastated by the 2011 earthquake and tsunami. (1 US dollar = 109.7600 Japanese yen) (Reporting by Ritsuko Ando; Editing by Edmund Klamann)