• Kyodo News

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The Japan Post group plans to name Yoshiyuki Izawa, executive vice president of Mitsui & Co., as president of Japan Post Bank Co. to replace Shokichi Takagi, sources said Wednesday.

The group had also considered Seiichi Shimada, a former Mitsui executive, for the job. The sources said the group decided to go with Izawa, who is 61, over the 72-year-old Shimada.

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