News Regulations26 Jun 2019

Japanese conglomerate's insurance and banking units admit to misconduct

Japan's Financial Services Agency has launched an investigation into Japan Post's insurance and banking units repeatedly selling unsuitable insurance and investment trusts to elderly customers, reported the Japan Times quoting a confession from Japan Post. This misconduct case has taken place during a period when the profitability of these two units continues to be negatively affected by the Bank of Japan's negative interest rates policy.

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