Japanese Post Office Time Deposit Update

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(1)In 2007, the Koizumi administration ignored the opposition of the Japanese people
(2)have been privatized to this day
(3)The problem is that they applied the old Post Office Savings Act to the time deposits they subscribed to during the state-run post office
(4)After 20 years and two months after maturity, the principal, let alone interest, is extinguished
(5)10-year installment savings, which were put in just before privatization in 2007, expired in 2037
(6)It’s guaranteed for 10 years and 20 years and 2 months
(7)Deposits subscribed long before that period have passed and are extinguished every year
(8)In particular, in 2021, the amount of extinction was very large, with a total of 45.7 billion yen in 117,000 deposits extinguished
(9)The problem is that it does not properly inform the public that deposits are being extinguished
(10)There is an increasing number of amazing situations in which people realize that it has disappeared only when they come to cancel their deposits
(11)Of the nine victims who responded to the Asahi Shimbun’s report, only 8.2 million yen in deposits of three people, including a couple and one child, was lost
(12)Regarding this, the Postal Service Support Organization only stated that it had been making efforts to promote it through letter-sending advertisement leaflets
(13)In response, the banker-turned-lawyer argued that relief measures should be prepared from the perspective of protecting depositors
(14)However, deposits including private banks’ privatized post office banks do not disappear, so there is no need to worry
(15)That means there’s no legal way to deal with it, given the expression that he insisted on getting a lawyer from the bank
(16)The agency said they promoted them enough to promote themselves, but for that, the amount of extinction is huge
(17)There are people who are already dead and couldn’t find it
(18)Four out of nine people who responded to that interview said they knew for the first time when they went to cancel the system itself
(19)Last year, Asahi Shimbun reported the rest of the staff
(20)I received a letter after some of the deposits had already been lost, so I recognized it
(21)Some say so

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