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May 14, 2024
 

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INSURANCE

Japan Times
JAPAN
Mar 28, 2020
Flying low: The battle over Tokyo’s airspace
Haneda Airport's new flight paths commence despite concerns from aviation experts and public opposition.
Japan Times
BUSINESS
Mar 25, 2020
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 Times
BUSINESS / Companies
Mar 13, 2020
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.
Japan Times
BUSINESS / Companies
Feb 28, 2020
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.
BUSINESS / Companies
Feb 5, 2020
Aeon Financial Service to enter life insurance market
Aeon Financial Service Co. has announced a plan to enter the life insurance business by acquiring a Japanese unit of German insurer Allianz SE.
Japan Times
BUSINESS / Companies
Feb 1, 2020
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.
Japan Times
BUSINESS
Jan 30, 2020
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.
Japan Times
BUSINESS
Jan 16, 2020
Japan's FSA to cut automobile liability insurance premiums
The Financial Services Agency decided Thursday to reduce compulsory automobile liability insurance premiums from April.
Japan Times
JAPAN / Media / MEDIA MIX
Jan 11, 2020
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 of an order from the Financial Services Agency for subsidiaries of the firm to halt sales of insurance products for three months starting Jan. 1.
Japan Times
BUSINESS / Companies
Jan 10, 2020
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.
Japan Times
BUSINESS / Companies
Jan 6, 2020
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.
Japan Times
BUSINESS / Companies
Dec 27, 2019
Execs quit as Japan Post units ordered to halt insurance sales for three months
Japan Post Holdings CEO Masatsugu Nagato, Japan Post Insurance President Mitsuhiko Uehira and Japan Post President Kunio Yokoyama are all resigning over the scandal.
Japan Times
BUSINESS / Companies
Dec 26, 2019
Former minister Hiroya Masuda to lead Japan Post after insurance scandal
Hiroya Masuda, a former minister of internal affairs and communications, will replace Masatsugu Nagato as president of Japan Post Holdings Co., effective early next year, a source familiar with the plan said Thursday.
Japan Times
BUSINESS / Companies
Dec 21, 2019
Financial watchdog considers three-month sales halt at Japan Post units
The financial watchdog is considering imposing a three-month suspension of new sales of insurance products at two subsidiaries of the former state-owned postal services group, sources close to the matter said Saturday.
Japan Times
BUSINESS / Companies
Dec 21, 2019
Vice minister of internal affairs quits over leak of penalties to scandal-hit Japan Post
The move is another example of the cozy relations between ministry officials and the Japan Post group.
Japan Times
WORLD / Politics
Dec 20, 2019
'Obamacare' ruling likely to haunt Trump in 2020
While the eyes of America were on the House vote to impeach President Donald Trump, a court ruling to leave the fate of the Affordable Care Act, also known as "Obamacare," up in the air may be a bigger risk to his 2020 re-election hopes.
Japan Times
BUSINESS / Companies
Dec 19, 2019
Japan Post CEO weighs resigning over improper insurance sales
The top executive of Japan Post Holdings Co. said Wednesday he is considering resigning in the wake of a probe that uncovered more than 12,000 cases of suspected improper sales of insurance products at two subsidiaries in the five years through March 2019.
Japan Times
BUSINESS / Markets
Dec 17, 2019
Japan Post units may be ordered to suspend some operations due to dodgy insurance sales
The agency may order the units to halt sales and some other operations after an on-site investigation found cases violating the insurance business law.
Japan Times
BUSINESS
Dec 16, 2019
Irregularities suspected in sales of around 10,000 Japan Post insurance policies
The number is far bigger than the 6,327 contracts highlighted in an interim report in September on inappropriate sales practices at the group.
Japan Times
JAPAN
Dec 15, 2019
Japan sees local government sign-ups for evacuation insurance triple in 18 months
Evacuations are such a major expense for cities, towns and villages that government sign-ups for disaster insurance have nearly tripled, an insurer says.
Three men rearrested over brokering of overseas prostitution
A woman speaks of her experience of being sent to Macau by an overseas prostitution broker during an interview in Tokyo's Shinjuku Ward on April 8.
Money stolen via online transfers up fivefold in Tokyo
Special fraud cases in Tokyo in which stolen money was sent via online banking services grew some fivefold from the previous year in 2023.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
In first month of operations, ride-hailing services used more than taxis in Tokyo
As of last Sunday, ride-hailing services, which use personal vehicles to offer paid rides, had been used a total of 12,628 times in five areas.
Tech giants start to treat Southeast Asia like the next big thing
Attendees arrive for Microsoft's event on AI technologies in Jakarta on April 30.
Is black the new green for Japan’s flagging tea farmers?
George Guttridge-Smith brews tea at Kyoto Obubu Tea Farm in Wazuka, Kyoto Prefecture, where he serves as head of international development.
Japan's logistics firms seek partnerships to cope with driver shortage
Japan Post CEO Tetsuya Senda (right) and his Seino Transportation counterpart Satoshi Takahashi announce their companies' agreement on joint long-haul truck operations, in Tokyo on Thursday.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
Unlike 10 years ago, Japan's new security bill sparks little debate
The Lower House starts discussing a security clearance bill on April 19 in Tokyo.
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.

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