Japanese summit over postal reform
A Japanese minister said he met with the president of Japan Post to explain his plan to get Cabinet approval for a reform of postal operations, reports Dow Jones. The article continues:
Financial and postal affairs minister Shizuka Kamei said the meeting didn’t touch on whether Japan Post president Yoshifumi Nishikawa should stay in his post or what he should do. But the one-on-one meeting could add to political pressure for Nishikawa to resign before the start of the extraordinary Diet session, expected late this month.
Japan began the 10-year process of privatising state-run postal services in October 2007. But the current government has its own view on the matter, and is expected to make changes to the privatisation plan.
Kamei has repeatedly said Nishikawa isn’t the right person for the job, and will decide what to do about the post.
The government owns 100% of Japan Post and has the power to force Nishikawa out. But Kamei told reporters on 19 October: “I will never exercise such a right.”
