TOKYO -- Japan Post Holdings, a government-controlled postal and financial services giant, will announce the resignations of three top executives over a sprawling fraud scandal affecting tens of thousands of customers, most of them elderly.
President Masatsugu Nagato, previously an official at Mizuho Bank and Citibank in Japan, will step down. The company plans to tap Hiroya Masuda, a former minister for internal affairs and communications, as his successor.
