Management changes at Japan Post over improper sales of insurance policies

Hiroya Masuda, a former minister of Internal Affairs and Communications, will replace current Japan Post CEO Masatsugu Nagato on 6 January. Three executives have stepped down from the company  in the wake of an investigation 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 Post Insurance Co Ltd President Mitsuhiko Uehira will be replaced by Tetsuya Senda, deputy president of the company, while Japan Post President Kunio Yokoyama will be taken over by Kazuhide Kinugawa, senior managing executive officer of Japan Post Holdings.