Japan Post president vows to probe leaks

Leader pledges to investigate recently unearthed collusion between a company executive and a government official

Japan Post president vows to probe leaks

Insurance News

By Gabriel Olano

Hiroya Masuda, the recently-appointed president of Japan Post Holdings Co., has pledged to look into information leaks regarding administrative punishments on the group.

The penalties stem from the improper sales of insurance products that came to light last year.

Masuda will reverse the policy of not investigating the scandal, which was put in place by his predecessor, Masatsugu Nagato, who resigned amid the inappropriate insurance sales scandal, along with the heads of its insurance and postal units, Jiji Post reported.

According to the report, former vice internal affairs minister Shigeki Suzuki was found to have provided information on the administrative penalties to Yasuo Suzuki, then senior executive vice president of Japan Post Holdings and former vice internal affairs minister. Both individuals were sacked or forced to resign once the wrongdoing became public.

“We’ll boost efforts to fully uncover the insurance sales scandal as early as possible and eliminate disadvantages inflicted on customers,” Masuda said at his first press conference since taking office earlier this week.

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