Japan Post was a government-owned corporation in japan that existed from 2003 to 2007, offering postal and package delivery services, banking services, and life insurance. It was the nation's largest employer, with over 400,000 employees, and ran 24,700 post offices throughout japan. One third of all japanese government employees worked for japan post. As of 2005, the president of the company was masaharu ikuta, formerly chairman of mitsui o. s. k. lines ltd.
On October 1, 2007 japan post was privatized following a fierce political debate that was settled by the general election of 2005. Following privatization, the japan post group companies operate the postal business.
In 2010, privatization was put on hold. The Jjapanese ministry of finance remains the 100% shareholder. However, on October 26, 2012, the Jjapanese government unveiled plans to list shares of the japan post holdings company within three years, partly to raise money for the reconstruction of areas devastated by the earthquake and tsunami of 2011.
Subject ID: 68047
MoreJapan Post was a government-owned corporation in japan that existed from 2003 to 2007, offering postal and package delivery services, banking services, and life insurance. It was the nation's largest employer, with over 400,000 employees, and ran 24,700 post offices throughout japan. One third of all japanese government employees worked for japan post. As of 2005, the president of the company was masaharu ikuta, formerly chairman of mitsui o. s. k. lines ltd.
On October 1, 2007 japan post was privatized following a fierce political debate that was settled by the general election of 2005. Following privatization, the japan post group companies operate the postal business.
In 2010, privatization was put on hold. The Jjapanese ministry of finance remains the 100% shareholder. However, on October 26, 2012, the Jjapanese government unveiled plans to list shares of the japan post holdings company within three years, partly to raise money for the reconstruction of areas devastated by the earthquake and tsunami of 2011.
Subject ID: 68047
Subject ID: 68047