Japan Post Bank
Encyclopedia
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
ese bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
headquartered in Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
which is part of the Japan Post Holdings
Japan Post Holdings
is a large state-owned enterprise in Japan that deals with mail delivery and financial services. Its headquarters is located in Kasumigaseki, Chiyoda, Tokyo. There were plans to fully privatise the agency but these have been put on hold...
postal and financial services group.
As of November 2008 it was reported as being the world's biggest deposit holder.
History
It was established on 1 September 2006, as part of the reorganisation of Japan PostJapan Post
was a government-owned corporation in Japan, that existed from 2003–2007, offering postal and package delivery services, banking services, and life insurance. It had over 400,000 employees and ran 24,700 post offices throughout Japan and was the nation's largest employer. One third of all Japanese...
into Japan Post Holdings
Japan Post Holdings
is a large state-owned enterprise in Japan that deals with mail delivery and financial services. Its headquarters is located in Kasumigaseki, Chiyoda, Tokyo. There were plans to fully privatise the agency but these have been put on hold...
.