Japan Post has forged a deal to acquire a 40% stake in Credit Saison’s asset-management unit Saison Asset Management and form a capital alliance.
Toru Takahashi, president of Japan Post said that the company will invest nearly JPY800m ($7.3m) in Saison Asset Management.
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The acquisition will increase Saison Asset’s money pool to JPY1tn from the current JPY96bn.
Under the deal, Japan Post, Credit Saison and Saison Asset will collaborate together on expanding investment trusts for Japanese clients.
"Saison Asset Management’s products are highly compatible with what post offices offer," added Takahashi.
Japan Post sells postal, savings and insurance services through its 24,000 post offices nationwide.
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