A government draft of new plans to convert the Japan Post group into a three-company system and boost the government’s involvement in Japan’s postal system has been unveiled. Under the proposal, Japan Post Holdings, Japan Post Service Co. and Japan Post Network will be grouped into one general new company, reducing the current five-company system to three.

The new company will hold more than one-third of the shares of both Japan Post Bank and Japan Post Insurance, giving it the right of veto on important issues at shareholders meetings. The government will possess “over one-third or even over half” of the shares of the new general company, and its involvement in the postal system will become stronger.

A draft of the plans will be compiled in January, and bills on the changes will be presented at a regular Diet session. There are no plans to set a deadline for the sale of shares of the three companies.

The move is a big step backwards for postal privatisation, which was originally aimed to bring full privatisation through the sale of all shares of the group’s two financial companies, and it will allow the government to participate in management.

When the former Japan Post public corporation was privatised in October 2007, it was split into a holding company, Japan Post Holdings, and four service companies. It has been argued that the split resulted in a lower standard of service. As a result, a new organisational structure and business model have been discussed between the ministers, vice ministers, and parliamentary secretaries from the Financial Services Agency and the Ministry of Internal Affairs and Communications.

By realigning the postal system into three companies and with the two financial companies forming consignment contracts with the parent company, postal delivery workers and post office employees from the parent company will become able to handle savings and insurance. As a result, postal delivery workers will be able to withdraw pension benefits from the savings accounts of elderly people in depopulated areas at their request and deliver the money to them, and nationwide service that had been restricted to postal delivery will extend to cover savings and insurance.

Relevant Directory Listings

RouteSmart Technologies

RouteSmart Technologies helps the largest postal and home delivery organizations around the world build intelligent route plans for more efficient last-mile operations. No matter the size of your business, our proven solutions allow you to decrease planning time, create balanced and efficient delivery routes, lower […]

Find out more

Other Directory Listings




P&P Poll


What is your top business priority?

Thank you for voting
You have already voted on this poll!
Please select an option!

MER Magazine

The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.


News Archive

Pin It on Pinterest

Share This
雷火电竞抽注数据 | 电竞竞猜最新版入口新版v0.3 | 王者荣耀电竞下注详情网址(王者荣耀电竞直播下注网) | 飞鱼电竞下注积分 | 欧洲电竞下注下载v10.1版 | 电子竞技数据app