Tag: Japan Post

The Public Management Ministry [Japan] is studying ways to allow the planned Postal Public Corporation to own stakes in private firms by, for example, acquiring domestic and foreign trucking firms and buying stocks issued by private businesses, ministry sources said. The plan is part of efforts to set up distribution networks that will complement similar systems operated by postal offices across the country, with the aim of providing more efficient postal services.

The postal ministry of Japan has come out with drastic measures as a counterproposal to Prime Minister Junichiro Koizumi’s plans to privatise postal services. Reports from The Asahi Shimbun newspaper say it has obtained documents showing the Ministry of Public Management, Home Affairs, Posts and Telecommunications is attempting to substantially improve the inefficient nature of postal services -mail delivery, postal savings and postal insurance -although it falls short of accepting privatisation.
The services are expected to be converted into a public corporation in April 2003. However, the details of how this will be done remain under wraps.