Tag: Japan

Mail service deregulation urged on Japan Post privatization

Posted by | Apr 21, 2006 | |

Japan’s Fair Trade Commission has submitted a report recommending deregulation to allow private companies to take part in mail services Japan Post monopolizes, FTC officials said Friday. Japanese law requires a mail service provider to ensure uniform service throughout Japan with 100,000 post boxes, effectively barring private companies from undertaking such services, the report said. When the Japanese postal system starts being privatized in October 2007, private companies should be encouraged to undertake mail services in urban areas where such services can pay, it said.

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Japan Post sets up first overseas office in Beijing

Posted by | Apr 17, 2006 | |

Japan Post, the state-owned mail operator set for privatisation, said Monday it would open its first overseas office in Beijing to explore opportunities in China’s booming cargo market. The office, which is expected open around mid-May, will conduct research on Chinese demand for international cargo services.
Japan Post is looking overseas for new growth opportunities with its domestic mail services losing money. It aims to set up its second overseas foothold in Shanghai, he said. “We picked China as the first base because it is the market we should pay the highest attention to,” Japan Post senior managing executive officer Yoshiaki Hompo told reporters.

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Gov't panel OKs Japan Post's entry in international distribution services

Posted by | Apr 12, 2006 | |

A government panel on privatization of Japan Post approved Wednesday the postal entity’s plan to invest in an air cargo joint venture to be set up by All Nippon Airways Co., Nippon Express Co. and Mitsui O.S.K. Lines Ltd., panel members said. This will pave the way for the joint venture, ANA & JP Express Co., to begin logistical operations in August between Japan and China after the Ministry of Internal Affairs and Communications will endorse the approval as early as later this month. Japan Post, which is due to be privatized over a 10-year period starting in October 2007, is seeking to make international logistics services as one of its main revenue sources, considering its weak earning power in conventional postal services.

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Sagawa Express establishes holding company

Posted by | Mar 20, 2006 | |

Sagawa Express Co. on Tuesday established a holding company, SG Holdings Co., to have the holding firm focus on the management of its group companies, thereby speeding up the core company’s decision-making process.

SG Holdings is capitalized at 11.2 billion yen. Sagawa Express President Eiichi Kuriwada doubles as its president.

Sagawa Express will transfer its shares to SG Holdings to become its wholly owned subsidiary. The shares of affiliate companies that are owned by Sagawa Express will also be transferred to the holding company by around June.

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