As Japan's largest financial services institution (which also provides the nation's postal services) Japan post is transitioning from a government-owned agency to a privately run company.

作为日本最大的金融服务机构(同时也提供全国的邮政服务)，日本邮政正从国有机构转型成私营企业。

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Japan's Financial Services Agency said in May the bad loan ratio at the country's 11 biggest banks had fallen from 5.18% a year ago to just 2.93% today.

BBC: Analysis

Mr Takenaka has only been in charge of the Financial Services Agency, which regulates Japan's banks, for a few weeks.

ECONOMIST: Too weak to work? | The

To many bankers, particularly foreigners who have been keeping an eye out for opportunities in Japan, the government's inclination to obstruct reform has been sharply illustrated by last week's order by the Financial Services Agency, a regulator, to Shinsei, a bank now owned by foreign investors, to increase lending to small and medium-sized companies.

ECONOMIST: Japan's banks