InsideJapan News Network
Wednesday,
31st
March
2010
In Business In Japan,
In Business In Japan,
New postal plan announced in Japan
The Japanese government has announced a new postal service plan aimed at reducing privatisation in the sector.
Under the scheme, the government is to increase the current limit on postal bank deposits and keep the third stake in the post office group that it currently owns. The post office service in Japan is currently under reform and decisions on the future of the group have so far appeared to split the country's cabinet.
Postal reform minister Shizuka Kamei said that the limit on deposits in postal savings accounts will be increased to 20 million yen from the current ceiling. Any money that is raised with this increase is to be put back into developing the service.
The idea of a government-backed Japan postal service has led to an uneasy feeling in Washington, with the US administration expressing concern that it could limit the chance for overseas firms to make moves into the country.
Written by Kimberley Homer.
Related news stories:
Sony to launch new PSP in Japan (3rd September 2008)
Democratic Party of Japan to choose new PM (22nd August 2011)
Prince Charles plans 'low-key' visit to Japan (9th October 2008)
New flights to Japan launched (22nd November 2010)
Gaming firm announces new controllers (15th December 2009)
Under the scheme, the government is to increase the current limit on postal bank deposits and keep the third stake in the post office group that it currently owns. The post office service in Japan is currently under reform and decisions on the future of the group have so far appeared to split the country's cabinet.
Postal reform minister Shizuka Kamei said that the limit on deposits in postal savings accounts will be increased to 20 million yen from the current ceiling. Any money that is raised with this increase is to be put back into developing the service.
The idea of a government-backed Japan postal service has led to an uneasy feeling in Washington, with the US administration expressing concern that it could limit the chance for overseas firms to make moves into the country.
Written by Kimberley Homer.
Related news stories:
Sony to launch new PSP in Japan (3rd September 2008)
Democratic Party of Japan to choose new PM (22nd August 2011)
Prince Charles plans 'low-key' visit to Japan (9th October 2008)
New flights to Japan launched (22nd November 2010)
Gaming firm announces new controllers (15th December 2009)
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