Japan postal service to expand the educational savings products

According to foreign media reports, recently, the Japanese government approved a plan, Japan Post could provide education savings products. This is the Japan Post in the insurance industry to expand new areas.
Japan post is the world's largest savings bank, also operates postal business. In October 1, 2007, Japan Post Privatization Reform start. Resolution for the postal savings bank, postal insurance companies and courier companies four branch.
After the reform of Japan Post will have to compete with other bank deposits, make its cast off single buying low-yielding government bonds profit mode.
While aging is that Japan Post savers are gradually reduced, because depositors after retirement, began using his savings. Japan Post Bank announced in March this year the bank deposit amount bonus of 176 trillion yen, or about $2.14. In 2008 March 182 trillion yen.
MYEX Fujian Asia International Express
2012-12-18