Tag: Japan

Japan Post said Monday it will nearly double the number of post offices offering customers investment trusts to 1,155, starting Oct. 2, the Kyodo News Agency reported.

In addition, the government-backed postal services provider will begin enabling holders of accounts for investment trusts to make additional purchases and cancel or alter the type of investment tool via the phone or Internet next year, the news agency said.

Japan Post has described sales of investment trusts as one of the revenue pillars for postal savings banks and over-the-counter service providers at its nationwide offices, which will be created when its 10-year privatization process starts in October 2007, Kyodo said.

At present, nine types of investment trust are available at a total of 605 post offices nationwide. In October, 550 post offices will be added to the list, the Kyodo report said.

Telephone-based purchases of additional investment trusts will be enabled in January, to be followed in May by Net-based marketing of such financial instruments, according to the new agency.
Japan Post envisages posting Y540 billion in investment trust sales during fiscal 2006 through March 31, 2007, Kyodo said

Tokyo

Japan Post said Monday it will nearly double the number of post offices offering customers investment trusts to 1,155, starting Oct. 2.

In addition, the government-backed postal services provider will begin enabling holders of accounts for investment trusts to make additional purchases and cancel or alter the type of investment tool via the phone or Internet next year.

Japan Post has described sales of investment trusts as one of the revenue pillars for postal savings banks and over-the-counter service providers at its nationwide offices, which will be created when its 10-year privatization process starts in October 2007.

At present, nine types of investment trust are available at a total of 605 post offices nationwide. In October, 550 post offices will be added to the list.

Telephone-based purchases of additional investment trusts will be enabled in January, to be followed in May by Net-based marketing of such financial instruments.

Japan Post envisages posting 540 billion yen in investment trust sales during fiscal 2006 through March 31, 2007.

Japan Post said Monday it will start selling customized photo stamps Sept. 1 to try to promote postal mail amid a steady rise in e-mail traffic.

Post offices across Japan will accept a 4 centimeter-square printed photo and use it in making stamps. One stamp sheet, consisting of 10 stamps costing 80 yen each, will cost 1,200 yen, Japan Post said.

In a promotional event for the new service held at a Tokyo hotel, actress Ryoko Yonekura asked people to write more letters, saying, “Handwritten letters are more personal.”

Japan Post expects the sales of customized photo stamps to reach 1.5 million sheets, or 1.8 billion yen worth, this fiscal year.

Japan Post issued a stamp featuring an original photo attached below an ordinary stamp in April 2003. But it has decided to print personal photos as stamps after receiving requests for them.