• SHARE

Financially ailing Toho Mutual Life Insurance Co. and leading U.S. nonbank financial firm GE Capital Services Inc. formally announced Wednesday that they will set up a new life insurance company in Japan.

The joint venture marks the first such tieup between a domestic life insurer struggling to survive and a foreign financial institution taking advantage of Japan’s upcoming “Big Bang” financial deregulation.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW