• Kyodo


The Financial Services Agency ordered two subsidiaries of the former state-owned postal services group to suspend new sales of insurance products on Friday, for three months, over improper sales that left thousands of people disadvantaged.

The FSA issued the penalties to the two units of Japan Post Holdings Co., which was privatized in 2007 and is owned 57 percent by the government, after concluding a three-month investigation in mid-December.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

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.