Japan Post Decides to Resume Insurance Marketing Activities

Economy Politics

Tokyo, Aug. 26 (Jiji Press)--The embattled Japan Post Holdings Co. <6178> group decided Wednesday to resume marketing activities for "Kampo" insurance products of Japan Post Insurance Co. <7181>.

But the group stopped short of clarifying when it will restart the marketing activities, which were suspended in July last year due to the revelation of sales irregularities for Kampo products.

Japan Post Insurance plans to refrain from promoting its insurance and other financial products aggressively for the time being. Instead, it will prioritize activities to regain public trust, such as making apologies to affected customers and explaining measures aimed at preventing similar irregularities. The company is expected to start to offer apologies in October.

"We aim to take a new step forward, beginning with offering apologies," Japan Post Holdings President Hiroya Masuda told a press conference.

The group will decide when to restart marketing activities after its employees fully recognize that restoring trust is the most urgent issue for the group.

[Copyright The Jiji Press, Ltd.]

Jiji Press