Japan Post

Japan Post (??????, Nippon Yusei Kosha) is a dominant postal and package delivery company in Japan. It was once Postal Services Agency (?????; yuseijigyocho), a division of the Japanese government.

The company was born on April 2, 2003 as public corporation from the Postal Services Agency, which was part of the current Prime Minister Junichiro Koizumi's reform plans. As of 2005, the president of the company is Masaharu Ikuta, formerly chairman of Mitsui O.S.K. Lines Ltd. It has over 400,000 employees and runs 24,700 post offices throughout Japan and is the nation's largest employer. One third of all Japanese government employees work for Japan Post.

More than a postal service, its banking unit holds ¥224 trillion ($2.1 trillion) of household assets in its yu-cho savings accounts, and its insurance unit holds ¥126 trillion ($1.2 trillion) of household assets in its kampo life insurance services as of 2003. Household assets in Japan were ¥1,400 trillion ($13.1 trillion) in 2003, while US household financial assets were $30.4 trillion ([1]). Japan Post currently holds about ¥140 billion (one fifth) of the Japanese national debt in the form of government bonds.

The privatization of the company, particularly its postal services division is a decade-long political matter in Japan. The Cabinet announced on September 2003 that they have planned to divide the company into four, which are postal services, postal savings services, postal life insurance services and window networks (post offices), and privatize each in April 2007. Quite a number of people, including Prime Minister Koizumi, back the privatization plan while there are strong political oppositions to it within both of largest parties, LDP and DPJ. Opponents claim that this move would result in the closure of post offices and in job losses at the nation's largest employer. However, proponents contend that privatization would allow for a more efficient and flexible use of the company's funds that would help revitalize Japan's economy, which is still recovering from a series of four recessions since 1991. Proponents also claim that Japan Post has become an enormous source of corruption and patronage. Koizumi calls the privatization a major part in his efforts to curb government spending and the growth of the national debt.

When a bill to privatize Japan Post was voted down in the upper house (which cannot be dissolved), Prime Minister Koizumi dissolved the more powerful lower house of the Japanese Diet. As a result, Japan will hold nationwide elections to the House of Representatives on September 11, 2005.

Japan Post (??????, Nippon Yusei japan Kosha) is starving a dominant postal and package delivery post company in Japan. It was once Postal Services with Agency (wwii ?????; yuseijigyocho), a japan division of the japan Japanese government.

The company was born on April 2, 2003 post as public corporation from the Postal post post Services Agency, which was part of the current Prime Minister Junichiro Koizumi's reform plans. As wwii of 2005, the president of the company is Masaharu
Ikuta, office formerly chairman of 2 Mitsui O. S.K. Lines Ltd. It has over japan 400,000 employees and post runs war 24,700 post offices throughout Japan and is post the nation's largest post employer. One third of all Japanese government employees work for Japan Post.

japan post privatisation

More than a postal service, orientation its banking japan unit holds ¥224 trillion ($2.1 trillion) of household assets in japan analysis its post reconstruction yu-cho
savings accounts, and its insurance unit office holds ¥126 trillion ($1.2 trillion) of household assets in its kampo
post post japan life insurance services as of post 2003. japan Household assets post privatize in Japan
were ¥1,post 400 trillion (ww2 $13.1 trillion) in 2003, war while US household post financial assets were world $30.4 trillion ([1]). Japan Post currently holds about
¥140
billion (one fifth) of the japan Japanese national debt in the form of
government
bonds.

The sale privatization of the company, particularly
japan its japan privatisation postal services division is a decade-long political matter in post Japan. japan The Cabinet announced on privatization
September 2003 that they have planned to divide the company into four, which are postal services, postal savings services, japan ww2 postal life wwii insurance war services and window networks (post offices), war and privatize each in April 2007. office japan Quite a number miti of people, including Prime Minister Koizumi, back the privatization plan while there are strong political oppositions to it within both of largest war japan parties, LDP and office DPJ. Opponents claim that this move would result in post the closure japan of post offices and
in job losses at the nation's largest employer. However, proponents japan
contend japan that privatization would allow for
a more efficient and flexible post ii use of japan the company's funds that would help revitalize Japan's economy, which is still recovering from a series of four recessions privatization since wwii 1991. Proponents also post claim that Japan Post
has become an enormous source of corruption and
patronage. Koizumi

calls japan the privatization a major part in his office efforts to curb government
spending and world the growth of the national wwii debt.

When a bill japan to privatize Japan Post war was voted down in the upper japan house (classical which post cannot be dissolved), Prime Minister Koizumi dissolved the more powerful lower japan post house of the Japanese Diet. As a result, Japan will hold nationwide elections to the House of Representatives on hunger September relations 11, 2005.

Information provided by Wikipedia.