Dai-ichi Life Holdings Inc. on Wednesday sharply revised down its group net profit projection for the year that ended Tuesday due to the financial market turmoil stemming from the COVID-19 pandemic. The major Japanese life insurer now expects a net profit of ¥17 billion, more ...
Flying low: The battle over Tokyo’s airspace
Haneda Airport’s new flight paths commence despite concerns from aviation experts and public opposition.
Japan Post gets proposal to cut 10,000 jobs amid falling revenue
Japan Post Holdings Co. has received a proposal by a group company to cut 10,000 jobs, as the scandal-hit company seeks to offset deteriorating earnings in the financial business by slashing labor costs, a source close to the matter said Monday. Japan Post Bank Co., ...
Japan Post group to halve recruits in 2021 after insurance scandal
Japan Post Holdings Co. plans to hire 2,055 new graduates in April 2021, less than half of some 4,300 slated to start working for the postal service group next month. The plan, announced Thursday, falls in line with the group's moves to review its marketing ...
Over 1,400 Japan Post workers improperly sold insurance products, probe finds
The Japan Post Holdings Co. group said Thursday it had confirmed Japan Post Insurance Co. products were sold improperly by 1,447 post office workers. An in-house investigation conducted through Feb. 19 also found sales clerks committed a total of 1,761 violations of the law or ...
Aeon Financial Service Co. has announced a plan to enter the life insurance business by acquiring a Japanese unit of German insurer Allianz SE. The financial service firm associated with major retailer Aeon Co. said Tuesday it would buy 32,400 new shares to be issued ...
Japan Post to probe more insurance contracts as sales scandal grows
Japan Post Holdings Co. says it will look into 220,000 more insurance contracts — signed by around 60,000 customers — that are suspected of being part of a widening scandal involving improper sales. In an announcement Friday, the former state-owned postal group also said that ...
Japan Post Insurance misconduct may have hit 60,000 more customers
Improper sales practices for Japan Post Insurance Co. products may have disadvantaged 60,000 more customers than previously known, sources have said. In August, the Japan Post Holdings Co. group started to investigate 183,000 Kampo-brand insurance contracts involving 156,000 customers who had possibly been affected by ...
The Financial Services Agency decided Thursday to reduce compulsory automobile liability insurance premiums from April. The move reflects the improved finances of the insurance program as wider use of vehicle safety devices such as automatic braking systems contribute to a decline in the number of ...
Japan Post Holdings drags its heels on insurance sales scandal
On Dec. 27, the top three executives of Japan Post Holdings Co. announced they would be resigning on Jan. 5 over the insurance sales scandal that first came to light more than a year and a half ago. The announcement comes on the heels ...
New Japan Post chief vows to probe leak from ministry on insurance scandal
Hiroya Masuda, the new president at Japan Post Holdings Co., vowed Thursday to investigate a leak to the group of information about administrative punishments that were under consideration in relation to its improper sales of insurance products. "We're preparing to open investigations," Masuda said at ...
New Japan Post chief vows to regain trust as ex-bureaucrats take reins after scandal
New Japan Post Holdings Co. President Hiroya Masuda pledged Monday to regain the public's trust in the former state-owned postal group now being rocked by scandal. "We are facing the biggest crisis since the foundation (of the postal group)," Masuda, 68, told executives of the ...
