Tag - japan-post

 
 

JAPAN POST

Japan Times
BUSINESS
Jan 30, 2020
Japan Post Insurance misconduct may have hit 60,000 more customers
Improper sales practices for Japan Post Insurance Co. products may have disadvantaged 60,000 more customers than previously known, sources have said.
Japan Times
JAPAN
Jan 23, 2020
Japanese postman failed to deliver — 24,000 times, police say
A 61-year-old postman failed to deliver thousands of postal items that he kept at his home instead, police said Thursday.
Japan Times
JAPAN / Media / MEDIA MIX
Jan 11, 2020
Japan Post Holdings drags its heels on insurance sales scandal
On Dec. 27, the top three executives of Japan Post Holdings Co. announced they would be resigning on Jan. 5 over the insurance sales scandal that first came to light more than a year and a half ago. The announcement comes on the heels of an order from the Financial Services Agency for subsidiaries of...
Japan Times
BUSINESS / Companies
Jan 10, 2020
New Japan Post chief vows to probe leak from ministry on insurance scandal
Hiroya Masuda, the new president at Japan Post Holdings Co., vowed Thursday to investigate a leak to the group of information about administrative punishments that were under consideration in relation to its improper sales of insurance products.
Japan Times
BUSINESS / Companies
Jan 6, 2020
New Japan Post chief vows to regain trust as ex-bureaucrats take reins after scandal
New Japan Post Holdings Co. President Hiroya Masuda pledged Monday to regain the public's trust in the former state-owned postal group now being rocked by scandal.
Japan Times
BUSINESS / Companies
Dec 27, 2019
Execs quit as Japan Post units ordered to halt insurance sales for three months
Japan Post Holdings CEO Masatsugu Nagato, Japan Post Insurance President Mitsuhiko Uehira and Japan Post President Kunio Yokoyama are all resigning over the scandal.
Japan Times
BUSINESS / Companies
Dec 26, 2019
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.
Japan Times
BUSINESS / Companies
Dec 25, 2019
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.
EDITORIALS
Dec 24, 2019
Amakudari and Japan Post Holdings
The government needs to probe whether a recent bureaucratic leak is part of a broader and deeper collusion.
EDITORIALS
Dec 22, 2019
Rebuild system of governance at Japan Post group
The Japan Post group needs to overhaul the organizational culture that was to blame for the illicit practices.
Japan Times
BUSINESS / Companies
Dec 21, 2019
Financial watchdog considers three-month sales halt at Japan Post units
The financial watchdog is considering imposing a three-month suspension of new sales of insurance products at two subsidiaries of the former state-owned postal services group, sources close to the matter said Saturday.
Japan Times
BUSINESS / Companies
Dec 21, 2019
Vice minister of internal affairs quits over leak of penalties to scandal-hit Japan Post
The move is another example of the cozy relations between ministry officials and the Japan Post group.
Japan Times
BUSINESS / Companies
Dec 19, 2019
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.
Japan Times
BUSINESS / Markets
Dec 17, 2019
Japan Post units may be ordered to suspend some operations due to dodgy insurance sales
The agency may order the units to halt sales and some other operations after an on-site investigation found cases violating the insurance business law.
Japan Times
BUSINESS
Dec 16, 2019
Irregularities suspected in sales of around 10,000 Japan Post insurance policies
The number is far bigger than the 6,327 contracts highlighted in an interim report in September on inappropriate sales practices at the group.
BUSINESS / Companies
Dec 14, 2019
FSA to punish Japan Post group by year-end over inappropriate sales practices
Japan Post Insurance Co. and Japan Post Co. are soon expected to release reports on in-house probes that the financial watchdog will use to assess the managers involved.
Japan Times
BUSINESS / Companies
Nov 21, 2019
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 Times
BUSINESS / Companies
Nov 15, 2019
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.
Japan Times
JAPAN
Oct 31, 2019
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 Times
JAPAN
Oct 4, 2019
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.

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