Japan Post

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Japan Post
legal form State company
founding April 2, 2003
resolution September 30, 2007
Seat JapanJapan Tokyo , Japan
management Jirō Saitō
Number of employees 256,572 (2006)
Post offices 24,700
sales 23,061 trillion JPY (2006)
Branch Logistics , banking , insurance

Japan Post ( Jap. 日本郵政公社 , Japan Post Holdings Kosha ) was a Japanese public company that the monopoly in mail delivery as well and a large market share in the parcel transport , in banking services and insurance companies owned.

The company was founded on April 2, 2003 from the Postal Authority ( 郵政 事業 庁 , yūsei-jigyō-chō ) at the Ministry of Internal Affairs and Communications , which was the successor to the former Postal Ministry . The establishment was an important step in the implementation of the reform plans of the then Prime Minister Jun'ichirō Koizumi . The last (2006-2007) President ( sōsai ) of the state-owned company was Yoshifumi Nishikawa , former President ( tōdori ) of the KK Mitsui Sumitomo Ginkō (English Mitsui Sumitomo Banking Corp.). The Japanese Post had over 400,000 employees and operated around 24,700 post offices . It was the largest employer in Japan and employed a third of all public employees. Japanese households held savings of 224 trillion yen (approx. 1.7 trillion euros) and a further 126 trillion yen (approx. 950 billion euros) in the form of life insurance in Postbank accounts .

On October 1, 2007, the divisions of the Post were transferred to the private holding company Japan Post Holdings and the state-owned company was dissolved. This started the privatization process of the Post, which is to extend over a period of ten years and at the end of which there will be four independent companies (bank, insurance, mail delivery and counter services).

Web links

Individual evidence

  1. BBC News, October 1, 2007: Japan begins post office reform