Japan Post

Japan Post (Japanese日本 邮政 公社, Nippon Yusei Kosha ) was a Japanese public company a monopoly in the letter post and also a large market share in the parcel transport, possessed in banking services and insurance.

The company was established on April 2, 2003, the postal authority (邮政 事业 庁, Yusei Jigyo -chō ) at the Ministry of Internal Affairs and Communications, which was the successor of the former postal ministry. The creation was an important step in implementing the reform plans of the then Prime Minister Koizumi Jun'ichirô. The last (2006-2007) President ( Sosai ) the state enterprise was Yoshifumi Nishikawa, former President ( Todori ) of the KK Mitsui Sumitomo Ginko (English Mitsui Sumitomo Mitsui Banking Corp. ). The Japanese post had more than 400,000 employees and operating around 24,700 post offices. She was the largest employer in Japan and employed a third of all public employees. On account of Postbank held Japanese households savings in the amount of 224 billion yen (about 1.7 trillion euros ) and a further 126 trillion yen ( 950 billion euros ) in the form of life insurance.

On October 1, 2007, sections of the post have been transferred to the private company holding company Japan Post Holdings and dissolved the state-owned enterprises. Thus, the process of privatization of the post, which should extend over a period of ten years and at the end of four separate companies (banking, insurance, postal delivery and switch services) should be started.