Japan Postal Services set to realise first profit in five years

Job cuts and other cost-trimming measures mean Japan’s troubled postal services should return to profit in 2002 for the first time in five years. Despite a reduction in budgetary funds, advocated by the government as part of a drastic reform programme aimed at resuscitating Japan’s economy, the postal services will see 1 bln yen in profit, an official from the Ministry of Home Affairs, Posts and Telecommunications was quoted by Agence France-Presse as saying. “In the next fiscal year, revenue from postal service operations are expected to be cut 0.6 pct from the current fiscal year to 2,259.7 bln yen,” he said. “But job cuts and other measures have resulted in a 2 pct reduction in spending to 2,258.7 bln yen. Thus profit of 1 bln yen is expected,” he said. It would be the first time since March 1998 that Japan’s postal operations return to black ink, he said. jn

Relevant Directory Listings

Listing image

ZEBRA

Zebra Technologies is an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge. Zebra’s products, software, services, analytics and solutions are used to intelligently connect people, assets and data to help our customers in a […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This