Key facts
- Japan Post Bank plans to acquire a roughly 20% stake in Matsui Securities.
- The acquisition will enable Japan Post Bank to offer stock trading services to its 120 million account holders.
Japan Post Bank is planning to acquire a roughly 20% stake in online brokerage Matsui Securities, according to information obtained by Nikkei. This strategic move is expected to enable the bank to offer stock trading services to its extensive customer base of 120 million account holders. Matsui Securities, a pioneer in Japan's online brokerage sector, trails some competitors in terms of account numbers.