Japan Post Bank to Invest in Tokyo Govt-Led Fund
December 25, 2018 at 09:51 pm EST
Japan Post Bank has said that it will invest JPY 300 million in a fund set up by the Tokyo metropolitan government with regional financial institutions. Japan Post Bank hopes to support the business succession of small companies in Tokyo and midsize companies
operating mainly in the capital. The fund was set up on Tuesday with investment from financial institutions such as Kiraboshi Bank and Seibu Shinkin Bank, in addition to the Tokyo government. The Tokyo government will invest JPY 2.5 billion in the fund, which will have capital totaling JPY 3.4 billion. Japan Post Bank has been investing in funds designed to support the revitalization of rural areas, together with regional financial institutions.