The Public Management Ministry on Wednesday approved an interim management plan and goals governing the business guidelines for Japan Post, which will go into operation on April 1, and announced a set of guidelines for the definition of confidential mail articles to be handled exclusively by the new public corporation. Japan Post will be established as a public corporation replacing the Postal Services Agency.
Read MoreThe Fair Trade Commission (FTC) will closely observe the operations of Japan Post, a public postal corporation to be launched April 1, as it is considered a private firm under the Antimonopoly Law, a senior FTC official said Wednesday. “We will closely monitor (the organization) so that fair competition takes place (in postal services),” Akio Yamada, secretary general of the FTC, said at a press conference.
Read MoreYamato Transport Co announced Wednesday that it plans to cut the cost of sending mail on April 1 — resulting in lower prices than postal rates for nearly all parcels weighing 1kg or less — the same day that Japan Post, the public postal corporation, starts operations.
Read MoreJapan’s post offices may be enlisted in efforts to rescue the stock market
The government is considering allowing post offices to sell investment trusts as a way of driving money into equities, thereby ramping up share pricesAt present, investment trusts are sold mainly by securities companies and banks. The nationwide post office network would give investment trust companies a powerful marketing platform to attract individual clients
Post office savings and life insurance funds represent the country’s greatest store of individual savings; an estimated 360 trillion yen
Read MoreThe nation’s new public postal entity starts life in April with a mandate to make a profit. The Asahi Shimbun When the newly created Japan Post throws out its predecessor’s letterheads and office stationery in April, a number of the Postal Services Agency’s money-losing services will also go to the waste heap.
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