Japan Post Corp. submitted to the government on Monday outlines of its 10-year postal privatization road map that includes plans for its savings bank to provide loans to individuals and for its life insurance firm to offer health and casualty insurance policies.
The postal savings bank will have 232 outlets, while the postal insurance company will operate 81 outlets, and both will offer their services also at the postal group's network of 24,000 post offices nationwide, the outlines show.
The group aims to expand the scope of its businesses to match that of its private competitors when it becomes a mammoth private group with a workforce of some 253,200.