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Article: EDITORIAL: Japan Post Corp.'s sketchy road map: Japan Post Corp.'s sketchy road map.
- Article from:
- Japan Times (Tokyo, Japan)
- Article date:
- August 12, 2006
CopyrightCOPYRIGHT 2006 Japan Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Aug. 12--Japan Post Corp.'s 10-year road map for postal service privatization is ambitious. If things develop as the road map envisages, a mega-bank and a mega-life insurance firm will be established, possibly creating competition problems for existing private banks and insurance firms. But the road map appears to be based on overly optimistic predictions and the new firms derived through privatization may fall into difficulty.
In April 2003, the Postal Services Agency was converted into Japan Post, a public corporation, which took over the three services of mail delivery, postal savings and "kampo" life insurance from the agency.
Last January ...