Tag: Japan

Koizumi resolved to privatize Japan Post from April 2007

Posted by | Jan 1, 2005 | |

Prime Minister Junichiro Koizumi expressed determination on Saturday to begin the process of privatizing the state-backed Japan Post in April 2007. While noting that Japan will be in a critical stage for achieving a successful outcome of his reform policy, Koizumi said in a written New Year’s statement that he is “resolved to privatize Japan Post” from April 2007. He also reiterated his hope that the Diet will pass a set of bills to privatize Japan Post during its next ordinary session to begin in January. Under the government plan, Japan Post will be split into four entities in charge of mail delivery, postal savings, postal insurance and post office management, all under a new holding company, when the 10-year process begins in April 2007.

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Japanese store chain Lawson’s parcel business up on Japan Post tie-up

Posted by | Dec 21, 2004 | |

The parcel delivery business of convenience store operator Lawson Inc increased by a third in the first month since teaming up with Japan Post, Kyodo News reported. The number of parcels handled at Lawson’s 7,900 outlets nationwide between November 18 and December 17 totaled about 765,000, with each outlet handling an average of 3.2 per day, up from 2.4 the preceding month, Kyodo reported, citing data provided jointly by Lawson and the state-run postal service. The volume was up 12.7 pct from a year earlier, it said.

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DHL to set up new Japanese bases

Posted by | Dec 17, 2004 | |

DHL Japan Inc. will build a 5,000-square-meter-plus warehousing and sorting facility at Central Japan International Airport, set to open next February, as part of a plan to increase its Japanese bases, the company said Friday.

The unit of Germany’s DHL International Ltd. also said it will set up 12 new service centers by next May in the Hokuriku region of central Japan, the Shikoku region of southern Japan and other areas where there are no DHL operational bases.

Total investment costs are estimated at 4 billion yen.

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Gov’t to sell all shares in postal savings, ‘kampo’ firms

Posted by | Dec 14, 2004 | |

The government plans to sell by 2017 all the shares in planned companies that will inherit state-run postal savings and “kampo” life insurance services, the Yomiuri Shimbun said Tuesday.

The step is intended to make the two companies completely independent of a government-affiliated holding company and funnel their funds into private markets, the newspaper said.

The government will include the step in a draft bill to be mapped out early next year to privatize the state-backed Japan Post, which is in charge of mail delivery, postal savings and life insurance services, the daily said.

The draft bill will not require the planned postal savings and life insurance companies to use post offices to provide their services, it said.

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U.S. wants Japan Post to have equal footing with private firms

Posted by | Dec 10, 2004 | |

The United States urged Japan on Friday to ensure that Japan Post will have an equal footing with private companies in express mail delivery, postal savings and insurance businesses after the state-backed entity is privatized, a U.S. government trade official said.

The official said it is important that the postal entity establish “a truly level playing field between Japan Post and its competitors in the insurance, banking and express delivery markets.”

The U.S. government made the request to the Japanese government when the two sides held working-level talks in Tokyo from Wednesday to Friday.

The talks are part of bilateral dialogue under the U.S.-Japan Regulatory Reform and Competition Policy Initiative. It is a key component of the Japan-U.S. Economic Partnership for Growth, launched in 2001 by Prime Minister Junichiro Koizumi and U.S. President George W. Bush.

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