A government panel in charge of postal services policy on Tuesday approved an application by Nippon Express Co to launch a special mail delivery service, panel officials said.
Read MoreA Ministry of Posts council have approved the entry of 17 firms into the letter delivery service, enabling them to join the 21 other companies that already have been approved to engage in these operations under limited circumstances on April 1.
Read MoreUPS’s plan to buy Yamato Transport out of their Japanese joint venture will help the US firm secure a leading position in Japan’s express sector. It will offer the company a competitive advantage over its global rivals in a market that has been traditionally difficult for foreign express carriers to penetrate.
Read MoreShigefumi Matsuzawa, governor of Kanagawa Prefecture, co-authored a book with Prime Minister Junichiro Koizumi several years ago that proposed ways to privatize the postal system, which includes massive savings and insurance operations as well as mail delivery.
The book was published in 1999, when Matsuzawa was a Democratic Party of Japan member of the lower house, and the nation had not yet pinned its hopes on a self-styled maverick politician.
Read MoreJapan Post President Masaharu Ikuta said on Jan. 21 that the regional post office network cannot be maintained if the postal savings and postal life insurance operations are eliminated.
The comments, made during a news conference, came in response to attacks by the Japanese Bankers Association and others who say the government-backed postal entity must reduce or terminate such services.
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