• Kyodo, JIJI

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The Financial Services Agency is considering ordering two subsidiaries of Japan Post Holdings Co. to halt a portion of their operations for inappropriate insurance policy sales, according to sources close to the matter.

The agency may order Japan Post Insurance Co. and Japan Post Co. to halt sales and some other operations as early as Dec. 27 after an on-site investigation lasting three months found cases violating the insurance business law, such as unnecessary overlapping periods in contracts during policy switch-overs.

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