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National News

Pre-'45 posts accounts top ¥4 billion

Japan Post Bank Co. is holding about ¥4.3 billion, including accrued interest, in nearly 19 million unclaimed savings accounts that were established in Japanese-administered territories up until 1945, sources said.

The statute of limitations has been suspended on the accounts because of the difficulty in tracking down the holders, who range from Japanese civilians and military personnel to locals living in former Japanese-occupied territories, including Taiwan, the Korean Peninsula and areas involved in wartime hostilities. Many holders are no longer living, the sources said.

Most of the money, with the accumulating interest, is expected to remain with Japan Post Bank Co., they said.

The government has been urged to work more aggressively to publicize the issue of unclaimed savings so the holders, their heirs or next of kin, or agents can claim them.

The government encouraged people also in areas under its colonial rule and wartime occupation to deposit their money in postal savings as part of the war effort. (Kyodo News)


Shukan ST: August 27, 2010

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