Japan Post Bank to cap international transfers to counter money laundering
Japan Post Bank Co. plans to set a limit on over-the-counter international cash transfers of ¥5 million ($46,000) to combat money laundering, sources close to the matter said Tuesday. Japan Post Bank with around 120 million account holders, the most among domestic banks, currently has ...
Japan Post Bank to cap international transfers to counter money laundering
Japan Post Bank Co. plans to set a limit on over-the-counter international cash transfers of ¥5 million ($46,000) to combat money laundering, sources close to the matter said Tuesday. Japan Post Bank, with around 120 million account holders, the most among domestic banks, currently has ...
Japan Post Holdings Co. has acquired an equity stake of 1.91 percent in Daiwa Securities Group Inc. Daiwa revealed the deal in a notice Monday for its upcoming general shareholders meeting. According to the notice, Japan Post Holdings had 30 million shares in Daiwa as of ...
Police find and arrest missing driver of Kyoto post office parcel van
The driver of a post office delivery van carrying dozens of parcels who went missing along with the van last week in Kyoto was arrested Wednesday on suspicion of embezzlement, police said. The arrested man was identified as Kazuki Shouno, 27. The small van left ...
Japan Post Bank to double savings cap to ¥26 million starting Monday
Japan Post Bank will raise the cap on its yūcho postal savings Monday to ¥26 million per customer, up from ¥13 million. The cap will be set at ¥13 million each for ordinary and time savings accounts, for a total of ¥26 million. It will be ...
Japan Post Insurance eyes firms with tech edge in new ESG investment strategy
Japan Post Insurance is shifting its approach to sustainable investing by picking companies with a technological edge for solving global problems, its investment chief said, in a move away from typical ESG selection criteria. With total assets of ¥74.5 trillion ($670 billion), the life insurer ...
Japan Post to sell commemorative stamps for 2020 Tokyo Olympics
Japan Post Co. will release commemorative stamps for the 2020 Tokyo Olympics and Paralympics on March 12. The ¥82 stamps featuring the Olympic mascot Miraitowa, the Paralympic character Someity and an image of the new National Stadium, will be available until May 13 at post ...
Japan Post to take 7% stake in U.S. insurer Aflac for closer tie-up
Japan Post Holdings Co. will acquire a 7 percent stake in U.S. insurer Aflac Inc. in 2019, after gaining regulatory approval, and make it an affiliate four years after the purchase to expand their cooperation, both firms said Wednesday. Following the stake purchase — worth ...
Japan Post seeks law revision to end delivery of ordinary mail items on Saturdays
Against the backdrop of labor shortages and a fall in demand for postal services, Japan Post Co. has requested a law revision to allow it to limit deliveries of ordinary postal items to weekdays. The company currently delivers mail even on Saturdays based on the ...
Japan Post to begin test deliveries using drones in Fukushima next month
Japan Post Co. has said that it will begin to test drone deliveries between two post offices in Fukushima Prefecture next month. The transport ministry on Friday approved an application by the company for flying a drone without an operator watching the airborne device or ...
Japan Post to accept cashless payments by time of Tokyo Olympics
Japan Post Co. plans to accept cashless payments for postcards and parcel deliveries at its post offices by early 2020. Currently, customers can purchase postcards and pay parcel delivery fees at post offices with only cash or stamps, while post offices in many other countries ...
