407:. Opponents claimed that the move would result in the closure of post offices and job losses at the nation's largest employer. However, proponents contended that privatization would allow for a more efficient and flexible use of the company's funds, which would help revitalize Japan's economy. Proponents also claimed that Japan Post had become an enormous source of corruption and patronage. Koizumi called the privatization a major element in his efforts to curb government spending and the growth of the national debt. Most opposition parties supported postal privatization in principle, but criticized Koizumi's bill. Many considered the bill deeply flawed because it provided for too long a period for full implementation and included too many loopholes that might create a privatization in name only.
439:
with the three other companies. The law also stated that Japan Post Bank and Japan Post
Insurance are to go public in 2010 and their shares would be made available to the market two years later. However, the majority privatisation process, which nonetheless saw the Japanese government still maintain control of one-third of the company's stock, was completed in October 2021. The Japanese government also still remains the company's largest stockholder.
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In
September 2003, Koizumi's cabinet proposed splitting Japan Post into four separate companies: a bank, an insurance company, a postal service company, and a fourth company to handle the post offices as retail outlets for the other three entities. Each of these companies would be privatized in April
447:
There were fears that the postal service branch of the Japan Post would be disadvantaged after its break from the banking and insurance branches. It is believed that it was losing money and is merely subsidized by the two financial divisions, which are more profitable. To cover a lack of financial
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and four other companies for postal service, postal savings, postal life insurance, and post office service networks. The legislation provided a 10-year transition period wherein the savings and insurance companies would be fully privatized while the government would still continue to be involved
34:
331:. The major concern was Japan Post, with government backing, stymieing competition and giving politicians access to postal savings to fund pet projects. Japan post was split into three companies in 2007, intending to be privatized by 2017. Following privatization,
452:, which Japan Post itself has signified it would pursue post-privatization. Studies also revealed that the new companies are poised to gain from emerging opportunities in the market. Aside from international logistics, there are also
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life insurance services; its holdings account for 25 percent of household assets in Japan. Japan Post also holds about ¥140 trillion (one fifth) of the
Japanese national debt in the form of government bonds.
361:. In October 2021, the Japanese government completed its majority privatisation process of Japan Post Holdings, but also still maintained control of most of the company's stock.
419:
passed the bill to complete this reform by a handful of votes, with many members of
Koizumi's LDP voting against their own government. The bill was subsequently defeated in the
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of the postal service. The privatization plan encountered both support and opposition across the
Japanese political spectrum, including the two largest parties, the
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434:
The final version of the bill to privatize Japan Post in 2007 was passed in
October 2005. It officially abolished Japan Post, with its branches broken up into a
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to be held on
September 11, 2005. He declared the election to be a referendum on postal privatization. Koizumi won this election, gaining the necessary
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resources, many observers advocated for diversification in order to attain profitability. This includes a potential entry into the
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throughout Japan. One third of all
Japanese government employees work for Japan Post. As of 2005, the President of the company was
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The company was born on April 2, 2003, as a government-owned corporation, replacing the old Postal
Services Agency of the
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because of scores of defections from the ruling coalition. Koizumi immediately dissolved the lower house and scheduled
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357:. As of 2020, the government still holds 57% of shares, and March 2028 was announced as the target date of
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This article is about the former operator of postal services in Japan. For the current operator, see
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Asia's
Turning Point: An Introduction to Asia's Dynamic Economies at the Dawn of the New Century
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unveiled plans to list shares of Japan Post Holdings within three years, partly to raise
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and is often said to be the largest holder of personal savings in the world: with ¥224
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savings accounts, and ¥126 trillion ($ 1.2 trillion) of household assets in its
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that existed from 2003 to 2007, offering postal and package delivery services,
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Ministry of Public Management, Home Affairs, Posts and Telecommunications
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Ministry of Public Management, Home Affairs, Posts and Telecommunications
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Koizumi Loses Postal Reform Vote in Upper House, Calls for New Elections
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766:"Japan Post to honor Tokyo Olympics medalists with golden mailboxes"
395:'s long-term reform plan and was intended to culminate in the full
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remaining the 100% shareholder. However, on October 26, 2012, the
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Progress toward Liberalization of the Postal and Delivery Sector
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Contemporary Government Reform in Japan: The Dual State in Flux
556:"Japan to sell 27% of Japan Post to raise reconstruction funds"
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509:"Japan Post's zombie privatization is warning to Shinzo Abe"
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following a fierce political debate that was settled by the
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in the lower house, which he took as a mandate for reform.
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In 2010, the privatization was put on hold, with the
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Postal Service, Postal Savings, Postal Life Insurance
791:"Check out 's stock price (6178.T-JP) in real time"
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533:"Japan govt aims to list Japan Post in three years"
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353:for the reconstruction of areas devastated by the
113:, by reorganization of the Postal Services Agency
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826:"All Eyes on Japan Post as Privatization Begins"
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585:"Japan Post pushes ahead with $ 9bn share sale"
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854:Koizumi Wins Postal Reform Vote in Lower House
674:Tselichtchev, Ivan; Debroux, Philippe (2012).
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703:"Japan Post to deliver mail by drone by 2023"
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558:. The Japan Times. Reuters. October 21, 2021
311:($ 2.1 trillion) of household assets in its
1239:Transport companies disestablished in 2007
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474:Postage stamps and postal history of Japan
388:. Japan Post's formation was part of then
1229:Government-owned companies based in Tokyo
732:Crew, Michael; Kleindorfer, Paul (2006).
649:. New York: Palgrave Macmillan. pp.
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582:Lewis, Leo; Inagaki, Kana (2021-10-06).
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1234:Transport companies established in 2003
824:Takahara, Kanako (September 29, 2007).
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892:Yahoo! – Japan Post Company Profile
611:Faiola, Anthony (15 October 2005).
323:On October 1, 2007, Japan Post was
303:Japan Post ran the world's largest
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678:. Hoboken: John Wiley & sons.
609:Takahara, "All Eyes on Japan Post"
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91:Postal Services Agency of the
16:Japanese statutory corporation
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298:Mitsui O.S.K. Lines Ltd
296:, formerly Chairman of
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104:; 21 years ago
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278:statutory corporation
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72:Statutory corporation
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885:Japan Post Insurance
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417:Japanese legislature
365:Postal privatization
1224:Japan Post Holdings
829:(Newspaper article)
588:. Financial Times.
539:. October 26, 2012.
513:Nikkei Asian Review
411:2007. In 2005, the
333:Japan Post Holdings
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21:Japan Post Holdings
450:logistics business
425:a general election
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772:. 2021-06-29
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709:. 2021-06-16
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562:December 11,
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834:Japan Times
462:health care
421:Upper House
413:Lower House
88:Predecessor
42:Native name
1213:Categories
1188:Uzbekistan
1158:Tajikistan
1058:Kyrgyzstan
1053:Kazakhstan
998:East Timor
960:Bangladesh
950:Azerbaijan
840:1 February
812:References
800:2021-07-15
776:2021-07-15
713:2021-07-15
623:9 February
596:2021-12-08
518:2020-07-16
347:government
325:privatized
259:Japan Post
206:Net income
176:Key people
136:Privatized
125:2007-10-01
109:2003-04-01
27:Japan Post
1148:Sri Lanka
1138:Singapore
1113:Palestine
1023:Indonesia
1013:Hong Kong
981:regulator
286:employees
240:Divisions
232:full-time
230:256,572 (
141:Successor
57:Romanized
1168:Thailand
1108:Pakistan
1083:Mongolia
1078:Maldives
1073:Malaysia
985:operator
590:Archived
468:See also
403:and the
377:総務省郵政事業庁
344:Japanese
309:trillion
78:Industry
1193:Vietnam
1088:Myanmar
1063:Lebanon
1008:Georgia
955:Bahrain
945:Armenia
930:of Asia
537:Reuters
415:of the
234:, 2006)
187:Revenue
160:Chiyoda
123: (
118:Defunct
107: (
99:Founded
82:Courier
1173:Turkey
1163:Taiwan
1128:Russia
1048:Jordan
1038:Israel
993:Cyprus
970:Brunei
965:Bhutan
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460:, and
313:yū-cho
265:日本郵政公社
220:(2006)
199:(2006)
48:日本郵政公社
1198:Yemen
1153:Syria
1123:Qatar
1093:Nepal
1068:Macau
1043:Japan
1018:India
1003:Egypt
490:Notes
351:money
317:kampo
169:Japan
164:Tokyo
1103:Oman
1033:Iraq
1028:Iran
842:2008
795:CNBC
746:ISBN
680:ISBN
655:ISBN
625:2007
564:2021
133:Fate
59:name
742:395
405:DPJ
401:LDP
218:JPY
197:JPY
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