Japan Post on Friday became a special member of the Japan Securities Dealers Association to launch sales of investment trusts at 575 post offices in Japan in October.
"As the largest financial institution in the world participates in investment trust sales, investors' convenience will be enhanced," JSDA Chairman Hiroshi Koshida said as he handed a special JSDA membership certificate to Japan Post President Masaharu Ikuta.
Japan Post reportedly hopes to develop investment trust sales into a new major revenue source toward the planned privatization of the postal system in April 2007.