Japan Post Holdings Co Ltd (6178.T)
Latest Key Developments (Source: Significant Developments)
June 19 (Reuters) - Japan Post Bank Co Ltd <7182.T>:* Says it received approval regarding development of new bank business, from the commissioner of the Financial Services Agency and Minister of Internal Affairs and Communications, on June 19 .* Says it will mainly develop loans related business, asset management business and other bank related business . Full Article
June 19 (Reuters) - Japan Post Insurance Co Ltd <7181.T>:* Says it received approval regarding development of new insurance business, from the commissioner of the Financial Services Agency and Minister of Internal Affairs and Communications, on June 19 .* Says it will mainly develop whole life insurance, fixed term annuity insurance and disaster special contract related new business . Full Article
Nikkei: Japan Post Holdings will sell an online payment service operation that has failed to attract customers amid competition from big e-commerce co's - Nikkei . Japan Post Holdings projects a net profit of 12 billion yen ($119 million) for the year ending in March - Nikkei . As Part Of Japan Post Deal To Unload Internet Payment Unit,GMO'S Payment Service Unit Will Take Over The Business,Japan Post Finance Will Be Liquidated - Nikkei .The Japan Post Group and Sumitomo Mitsui Trust bank group will take on japan post finance employees after divestiture of Japan Post Finance - Nikkei. Full Article
TOKYO Japanese shares are at an important make-or-break point and a decisive rise above current levels will usher in a long-term uptrend in the market, Katsunori Sago, chief investment officer at Japan Post Bank, said on Thursday.