Hatoyama shifts from Koizumi's postal privatization scheme
Wednesday 21st October, 03:30 AM JST
Prime Minister Yukio Hatoyama’s cabinet adopted a basic policy Tuesday for changing the postal privatization scheme launched in 2007 in line with former Prime Minister Junichiro Koizumi’s reform initiative, with an eye to offering more stable services to rectify gaps between urban and rural areas. Amid the policy change, Japan Post Holdings Co President Yoshifumi Nishikawa has decided to resign from his post, according to sources familiar with the matter.
The new policy will involve the government reorganizing the Japan Post group to ensure universal postal services across the country, stipulating that mail and financial services are to be provided in an integrated manner through the postal network. Under the policy, it will position the post office network as a foothold to ensure the rights of socially vulnerable people and to correct regional disparities in the services.