Japan Post to resume marketing of savings products after suspension due to irregularities
Japan Post Co. said Wednesday that it will resume marketing activities for savings products offered by Japan Post Bank Co. on Monday, following a suspension due to sales irregularities involving Japan Post Insurance Co. Japan Post suspended sales of insurance products from mid-July and marketing ...
Japan Post Holdings' sales dropped 4.8% for April-September amid insurance scandal
Japan Post Holdings Co. said Thursday its group revenue in the April-September half dropped 4.8 percent from a year earlier to ¥5.96 trillion. The fall was chiefly caused by a suspension in the promotion of insurance products from mid-July, following revelations of inappropriate insurance sales ...
Japan Post begins sales of Reiwa's first New Year's postcards
Japan Post Co. began selling the first New Year's lottery postcards of the Reiwa Era on Friday. A ceremony for the 2020 nengajō (New Year's greeting cards) was held at JP Tower in Tokyo's Marunouchi district. At the event, Toshiaki Hirose, a former member of the ...
Two Japan Post managers suspected of embezzling ¥540 million by selling used stamps
Two managers at post offices in Tokyo are suspected of embezzling some ¥540 million by privately selling used stamps earmarked for shredding, sources close to the matter said Thursday. Japan Post Co., a unit of state-backed Japan Post Holdings Co., retrieved the cash and dismissed ...
NHK president denies it nixed program about Japan Post's insurance practices due to outside pressure
NHK President Ryoichi Ueda denied Thursday that outside complaints caused the cancellation of a program about inappropriate sales practices for Japan Post Insurance Co. products. "It's not the case that independence or freedom of creating programs has been impaired," Ueda told a regular news conference. Regarding ...
The number of packages handled by parcel delivery services in fiscal 2018 increased 1.3 percent from the previous year to 4.31 billion, hitting a record high for the fourth consecutive year, according to transport ministry data released Tuesday. Of the total, the number of items ...
Japan Post CEO vows to restore trust in wake of insurance scandal
Japan Post Holdings Co.'s top executive vowed Monday to restore public trust after thousands of customers were missold insurance policies. Chief Executive Officer Masatsugu Nagato made the remarks after bowing in apology at a news conference in Tokyo. In an interim report, Japan Post said it ...
Japan Post uncovers nearly 20,000 cases of improper investment trust sales
Japan Post Bank has said that it has found 19,591 cases of improper investment trust sales since April last year. The cases involve the violation of internal rules that govern sales of investment trusts to customers age 70 or older, the Japan Post Holdings Co. ...
Japan Post Bank broke rules with sales of investment trust products to thousands of seniors
Japan Post Bank improperly sold investment trust products to elderly customers in violation of its rules in a total of some 20,000 cases, sources have revealed. An investigation by the unit of Japan Post Holdings Co. newly identified some 2,000 cases of improper sales of ...
FSA to inspect two Japan Post units involved in insurance sales scandal
The Financial Services Agency will conduct on-site inspections of Japan Post Co. and Japan Post Insurance Co. in September over the insurance sales scandal involving the Japan Post Holdings Co. units.
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, ...
