Prime Minister Junichiro Koizumi, who has pledged to privatize postal services, and Hiromu Nonaka, a Liberal Democratic Party heavyweight representing party members with vested interests in the postal sector, have agreed to the passage of four government-sponsored postal bills during the current Diet session, sources said Friday.
Read MoreUnder pressure from Japan‘s Prime Minister Junichiro Koizumi, a staunch advocate of postal deregulation, the posts ministry will consider allowing the private sector to deliver unsolicited direct mail, often dubbed junk mail.
Read MoreChinese lawmakers yesterday demanded the Post Office stop operating three loss-making services, saying it would help to reduce its annual $80 million deficit. During the Public Accounts Committee hearing, legislators said Postshop, E-post and remittance services were not financially viable and should be scrapped.
Read MoreYamato Transport Co, Japan’s top parcel delivery firm, posted a record net profit for the business year just ended thanks to its growing home delivery service and said it would mail in another record for 2002/03.
Read MoreChinese postal authorities and international express carriers have not yet settled a dispute over plans by the Chinese to regulate foreign companies and claim a monopoly over the small package business. “Press reports that this issue has been resolved are premature,” said John Flick, a spokesman for United Parcel Service. “We are still very much opposed to regulations that have been set up by the China Post.”
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