Nishikawa to head Japan Post toward privatization

Yoshifumi Nishikawa, president of a firm preparing for October’s privatization of Japan Post, will be named to concurrently head Japan Post from the end of March, informed sources said Wednesday.

The appointment by the government will come as the term for current Japan Post President Masaharu Ikuta expires March 31, they said.

Nishikawa’s firm, Japan Post Corp., is set to become a holding company to own firms emerging on the privatization and breakup of the Japanese postal system.