Japan Post scraps catalog gift quotas after employees spent own money to meet sales targets
Japan Post Co. will not require staff to meet sales targets for gifts marketed in its catalogs after those unable to meet the quota made up for the shortfall from their own pockets. The national post office operator has abolished the quotas for fiscal 2019, ...
Japan Post ordered to report about inappropriate insurance sales by regulators
Regulators have ordered Japan Post Holdings Co. to report about inappropriate insurance sales at its Japan Post Insurance Co. unit, informed sources said Saturday. The order was issued by the Financial Services Agency and the internal affairs ministry on Thursday, the sources said. Japan Post Holdings ...
As the top shareholder, the government should look into the group's scandal and explore ways to fix its problems.
Japan Post Bank to cap overseas remittances to ¥5 million a day to tackle money laundering
Japan Post Bank Co. and Japan Post Co. will limit the amount of funds that can be sent via their overseas bank transfer service to tackle money laundering. Overseas remittances will be limited to ¥5 million per day. The move is aimed at preventing illegal ...
Japan Post to end Saturday standard mail delivery due to job crunch and drop in demand
A government panel decided to end Saturday delivery for standard mail due to a labor shortage and a drop in demand because of increased use of the internet.
Japan Post Insurance to check 30 million insurance contracts after improper sales practices found
Japan Post Holdings Co. said Wednesday the group will examine all 30 million insurance contracts created for Japan Post Insurance Co. that have been in effect during the past five years, after evidence surfaced of inappropriate sales practices. The parent company said the Japan Post ...
Japan Post Insurance policies affected by sales scandal double to 180,000
The sum roughly doubled from the previously recognized number of 93,000 after the company checked all of its new 10 million contracts concluded over the five years through fiscal 2018.
Japan Post workers forged papers to sell insurance policies, internal document reveals
Some post office workers forged documents or engaged in other unlawful practices in selling the products of Japan Post Insurance Co. in fiscal 2018, according to an internal document revealed Monday. The revelation adds to the scandal involving the insurance arm of Japan Post Holdings ...
Japan Post likely to scrap insurance sales quotas during current fiscal year
Japan Post Co. is planning to scrap sales quotas assigned to post office workers for products of Japan Post Insurance Co. in fiscal 2019, which ends next March, it was learned Sunday. Japan Post hopes to put priority on dealing with customers who have been ...
Japan Post weighs halt to commissioned insurance sales after mismanagement reports
Japan Post Co. is considering suspending commissioned sales of insurance products from private companies such as Nippon Life Insurance Co. through post offices across the nation, sources have said. The move comes after the revelation last month of inappropriate sales practices by Japan Post employees ...
Tokio Marine to launch probe of car insurance products sold by Japan Post
Tokio Marine & Nichido Fire Insurance Co. will conduct a probe into a car insurance products that have been sold by Japan Post Co. on commission, it has been learned. The move to launch the survey on the actual situation of the products, which were ...
Aflac Life Insurance Japan Ltd. has begun checking for any inappropriate contracts for its insurance products sold on commission by Japan Post Holdings Co. units, sources said Wednesday. The investigation, launched this month, comes in the wake of the revelation last month of inappropriate sales ...
