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. Nagato, head of the former state-owned postal services group, Japan Post Insurance ...
Three Japan Post Group leaders expected to resign over insurance sales scandal
Japan Post Holdings is expected to convene a meeting to discuss the resignations and successor candidates Friday. Former internal affairs minister Hiroya Masuda may replace Masatsugu Nagato as president.
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. "Regarding management ...
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 chief sees bright future beyond mail services
Even for Masatsugu Nagato, an experienced business executive who has worked in prominent companies, making Japan Post Holdings Co. stand on its own two feet as a private company comes as a daunting challenge. But Nagato, its president, says he is confident he can accomplish ...
Japan Post to fight negative rates with shift to risk assets
Japan Post Holdings Co. will shift more of its $2.6 trillion investment portfolio to riskier assets to boost profitability as negative interest rates shrink income from government bonds. The newly privatized postal and financial giant, which has about ¥205.5 trillion ($1.9 trillion) managed by its ...
Japan Post appoints Nagato as president, replacing Nishimuro
Japan Post Holdings Co. named Masatsugu Nagato as president of the recently listed mail and financial services giant, replacing Taizo Nishimuro following his hospitalization last month. Nagato, 67, will take the post on April 1, the Tokyo-based company said Wednesday. He joined the group as president ...
Japan Post chief Nishimuro to quit; successor likely to come from banking unit
Japan Post Holdings Co. President Taizo Nishimuro is set to step down, with the head of the postal group’s banking unit likely to succeed him.
