Japan Post plans to enter the international logistics sector after privatisation in October2007, a top executive told a conference at the Post-Expo trade fair in Paris. Once legal
restrictions on expansion into new markets were removed, the organisation’s Postal Servicesbusiness would focus on postal, freight and other services, Yoshiaki Hompo, managing executiveofficer, told the World Postal Business Forum. “Japan Post will be allowed to enter internationallogistics. We are now preparing for this,” he said. Hompo stressed, however, that “only littlesteps in the Far East” were planned and “we will not create any dramatic waves”.The bills to privatise the post office which the re-elected Koizumi government submitted toParliament last month, should be passed within the next two weeks. Under the privatisation plan,Japan Post would be re-structured into a holding company with four subsidiaries – Postal Services,Post Office Network, Savings and Insurance. Under a 10-year gradual transition, the two financialsubsidiaries would be completely sold off, and a majority stake in the holding company would alsobe disposed of.
