Express mail delivery market in Tokyo estimated at US$329 mln

Deregulation in the area of express postal mail delivery will create a market worth more than 80 billion yen (US$329 million) within the 23 wards of Tokyo alone, a senior official at motorcycle courier service Sokuhai K.K. said Friday.

“When express delivery is opened to the private sector, this will give birth to a new market worth 80 billion yen in Tokyo’s 23 wards alone,” Masami Sakaki, managing director of Sokuhai, told a Liberal Democratic Party hearing.

As for the bill to allow the private sector’s entry into postal mail delivery now under Diet deliberation, Sakaki said he had no particular requests and did not ask for more drastic deregulatory steps.

Sakaki said that after the deregulation takes place, Sokuhai will launch a special delivery service of postal mail that delivers items to recipients within three hours or handles items that cost at least 1,000 yen per delivery.