Tag: Japan

Air Express firms see vast Asian market potential

Posted by | Jul 6, 2004 | |

Foreign air express companies such as UPS and FedEx say they will expand their business in China following the Sino-US aviation agreement signed recently.

The new agreement contains a key provision that allows US cargo carriers to establish hubs in China once specific criteria are met.

FedEx is looking at hub expansion opportunities in Asia, including consideration of the new Guangzhou Baiyun International Airport, says David L Cunningham, president of FedEx Asia-Pacific operation.

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MOF researcher proposal may affect Japanese postal privatisation

Posted by | Jul 2, 2004 | |

A recent proposal to convert “Yucho” postal savings into Japanese government bonds may affect debate on the planned privatisation of Japan Post, which Prime Minister Junichiro Koizumi regards as a top-priority item in his structural reform initiatives.

The proponent, Yoichi Takahashi, a guest researcher at the Ministry of Finance’s Policy Research Institute, on Friday assumed a senior position in a Cabinet Secretariat section to prepare for the privatization of the postal services slated for April 2007.

Of the 238 trillion yen in assets managed by the Yucho service, 201 trillion yen’s worth are now invested in government debt securities or deposited with the government, he said, suggesting a need for existing Yucho deposits to be converted directly into JGBs.

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FedEx adds central Japan service

Posted by | Jun 30, 2004 | |

FedEx Express will begin operating regular flights with its own aircraft into Central Japan International Airport when the facility opens in February 2005 as part of its overall plan to enhance services in Japan. The move will connect the Chubu region with 215 countries through FedEx’s global distribution network. It will be the third Japanese airport FedEx flies to, following Tokyo Narita International Airport and Kansai International Airport.

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Japan Gov’t to map out postal privatization plan in Aug.-Sept.

Posted by | Jun 27, 2004 | |

Prime Minister Junichiro Koizumi said Sunday the government will formulate a basic policy on postal privatization during the August-September period. The comment, made during a program on public TV broadcaster NHK, apparently indicates Koizumi’s plan to contain opposition from within his own ruling Liberal Democratic Party over the privatization issue by mapping out the basic policy at the same time as he reshuffles the Cabinet and appoints LDP executives, pundits said. Koizumi said that after Japan’s postal services are privatized, the state’s full guarantees on postal savings and preferential treatment for corporations, including exemption of corporate taxes and fixed asset taxes, should be abolished in stages during a transitional period of up to 10 years.

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Japan to boost staff at postal-services privatization body by late July

Posted by | Jun 25, 2004 | |

The government will add 15 people from the private sector to a preparatory office in charge of privatizing Japan’s postal services, boosting the total number of staff working in the office to 83 by late July, government officials said Friday. The 15 will be sent from private entities, including East Japan Railway Co., Tokyo Electric Power Co., Nomura Institute of Capital Markets Research and the General Insurance Association of Japan, the officials said.
The government will assign them to the office’s divisions tasked with forging business plans for the privatization, the officials said, adding it wants their ideas and opinions based on their business experiences reflected in the privatization work.

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