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Japan Post Makes Debut.
(From Journal of Japanese Trade & Industry (JJTI))
Japan Post was inaugurated on April 1, taking over the three postal services of mail delivery, postal savings and kampo life insurance from the Postal Services Agency. The establishment of the new public corporation, based on the Basic Law on the Administrative Reform of the Central Government enacted in 1998, marks the first step in privatizing the nation's postal services. The three services will operate under a single management but on a self-supporting basis, introducing a corporate-accounting system and other private-sector business methods for better operational efficiency. The new organization is headed by Ikuta Masaharu, former chairman of the shipping firm Mitsui O.S.K. Lines, Ltd., who is known as an ardent reformer. It has some 300,000 employees who will retain their status as government employees.
Overhauling the Postal Services Agency was an important part of Prime Minister Koizumi Jun-ichiro's government reform initiative, but it remains to be seen whether the new public corporation will be turned into a private firm as Koizumi hopes, because a large number of lawmakers in his own Liberal Democratic Party as well as opposition parties are against it.
Simultaneously with the launch of Japan Post, the mail delivery market, previously monopolized by the Postal Services Agency, opened to private firms, but due to strict conditions on operators, no companies have so far entered the business. Customers thus can hardly expect benefits, such as cost reductions through competition, from the postal system reform for the time being. If private companies enter the market in the future, Japan Post will face stiff competition and will be forced to ...
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...preparatory office. The three postal services -- mail delivery, postal...are currently handled by Japan Post, a public cooperation created in April 2003. Japan Post took over postal services from the governmental Postal...
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- News wire article from: AsiaPulse News November 20, 2003 700+ words
...Nov 20 Asia Pulse - Japan Post's operations would...the jurisdiction of the Postal Services Agency if Japan Post is not allowed to make...operations back to the Postal Services Agency." Japan Post plans to roll out fixed...
- JAPAN POST CAPITALIZED AT $US$11.2 BLN AS OF APRIL 1.
- News wire article from: AsiaPulse News September 26, 2003 700+ words
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- Newspaper article from: Kyodo News International (Tokyo, Japan) June 27, 2006 700+ words
...their business strategies, Japan Post officials said Tuesday. The...seen as a major setback for Japan Post, which will be privatized...earning power in conventional postal services. Last October, Japan Post and TNT announced a plan to...
- Japan Post.(Look Out Post)(Brief Article)
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The Postal Services Agency became Japan Post, April 1, a public corporation that will operate on a self...Minister Koizumi Junichiro, who advocated the overhaul of the Postal Services Agency as part of his reform drive, expressed his hope that...
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...for the plan to privatize Japan Post in stages beginning in April...by 2017. Under the plan, Japan Post will be split into four entities...four companies will inherit postal services currently run by Japan Post -- mail delivery, postal...
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- Magazine article from: The Economist (US) October 31, 2009 700+ words
...differences among national postal services ON OCTOBER 28th Japan...the privatisation of Japan Post, along with its enormous...economic reform. Postal services are in turmoil elsewhere...up stakes in some postal services, but for most sleepy...
