Japan Post to quadruple investment to 180 bln yen in current year
Japan Post plans to invest 180 bln yen during the current business year ending March 2007, four times the amount it spent in the previous fiscal year, to introduce frozen-food deliveries and expand online services, the Nihon Keizai Shimbun reported without citing sources.
The company plans to launch a service that will enable the delivery of items that need to be kept frozen, a well-established segment among private-sector delivery companies such as Yamato Transport Co, the financial daily said.
Japan Post will also launch online package-tracking services for its customers, the newspaper said.
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