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Japan Post Bank

For other uses, see Postbank.
Japan Post Bank Co., Ltd.
Company typeSubsidiary
TYO: 7182
IndustryBanking
Founded1 September 2006
Headquarters
Chiyoda, Tokyo
,
Japan
Key people
Norito Ikeda (President and Representative Executive Officer), Susumu Tanaka (Representative Executive Vice President)[1]
Revenue¥1.85 trillion (2019)[2]
¥266 billion (2019)[2]
AUM¥229.6 trillion (2022) (US$1.75 trillion)[3]
Total assets¥205 trillion (2019)[2]
Number of employees
12,800 (2019)[2]
ParentJapan Post Holdings (88.99%)
Websitewww.jp-bank.japanpost.jp

Japan Post Bank Co., Ltd. (株式会社ゆうちょ銀行, Kabushiki gaisha Yūcho Ginkō) is a Japanese bank headquartered in Tokyo. It is a corporation held by Japan Post Holdings, in which the government of Japan has a majority stake.

It is a major financial institution that started in 1875 as a postal savings system, and that still today continues to operate primarily out of post office branches. It manages over ¥205 trillion of assets and offers services in almost 24,000 branches across Japan.[2] At times in its history, it was the largest financial institution in the world.[4] Since its conception, it has played a significant role in both making economic services to people in Japan and making investments towards the economic and industrial development of the country.[4]

Throughout the vast majority of its history, Japan Post Bank had always been fully government owned and organizationally a part of the postal system. In 2007, a bill was passed to begin the privatization of Japan Post Bank and to create separate companies to handle the distinct responsibilities of Japan Post.[5] The government's sale of its shares in Japan Post Bank and its holding company are still ongoing.[6]

  1. ^ "Executives-JAPAN POST BANK". Japan Post Bank. 1 July 2020. Retrieved 29 July 2020.
  2. ^ a b c d e Cite error: The named reference Report 2019 was invoked but never defined (see the help page).
  3. ^ "in Part of Management Scale". ww.jp-bank.japanpost.jp. 31 March 2022.
  4. ^ a b Cite error: The named reference Garon 2011 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference Robinson 2017 was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference Times 12-2019 was invoked but never defined (see the help page).

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