Business · Companies · 6 hrs ago
Japan Post Bank Seeks to Remove ¥13 Million Savings Cap
Japan Post Bank has asked to remove the ¥13 million cap on ordinary savings deposits.
The bank says the current limit can make it difficult for customers to deposit retirement money or inheritances.
Six financial groups have urged caution, warning that a higher limit could draw deposits away from private banks and harm regional economies.
The dispute comes as the government still owns more than one-third of Japan Post Holdings, which owns the bank.
The cap is part of rules meant to limit unfair competition because of the bank’s ties to the government.
About 1.06 million customers had deposits affected by the cap as of April.
A government committee plans to set out its views by around March, after which the government will consider whether to change the rules.
Japan Post Bank is seeking to remove the ¥13 million limit on ordinary deposits.
The bank says the current cap cannot accommodate some customers’ retirement payouts and inherited assets.
Six financial industry groups urged the government to consider the proposal cautiously, citing risks to competition and regional economies.
A government committee heard the groups’ views on October 30 and plans to compile its opinions by around March 2027.
Changing the limit would require a revision to a government order.
- Who
- Japan Post Bank is seeking to remove the cap; six financial industry groups oppose or urge caution.
- What
- The bank wants to abolish the ¥13 million limit on ordinary deposits.
- When
- Japan Post Bank first made the request on October 9, 2026; the committee heard financial groups on October 30.
- Where
- Japan.
- Why
- The bank says the cap cannot accommodate some retirement payouts and inherited assets. Financial groups warn of intensified deposit competition and effects on regional economies.
Japan Post Bank
Six financial industry groups
Deposit limit
Japan Post Bank
Japan Post Bank seeks to remove the ¥13 million cap, saying it cannot serve as a destination for some retirement payouts and inherited assets.
Six financial industry groups
The groups say removal should be considered very cautiously because it could intensify competition for deposits.
Regional impact
Japan Post Bank
Not stated.
Six financial industry groups
The groups, including the National Association of Shinkin Banks, raised concerns about deposit outflows affecting regional economies.
Japan Post Bank first asked the government committee to remove the ordinary-deposit limit.
The committee heard from six financial industry groups, which urged caution about removing the cap.
The committee is expected to compile its views.
- Ordinary-deposit cap
- ¥13 million
- Combined deposit caps
- ¥26 million for ordinary and time deposits
- Customers above the limit
- About 1.06 million as of April 2026
- Government stake in Japan Post
- More than one-third of the company’s shares
- Required change
- A revision to a government order
3 sources
What people are saying
The proposal should be considered extremely cautiously so that it does not lead to intensified competition for deposits.