Chief Cabinet Secretary Yasuo Fukuda expressed support Wednesday for a reported plan by Prime Minister Junichiro Koizumi to privatize in 2005 a postal public corporation to be created in 2003.

"I feel that 2005 would be neither too late nor too early. I don't think that it would be at all bad to make that a target," he said at a news conference.

The Tokyo Shimbun reported in its Wednesday morning edition that Koizumi plans to privatize in 2005 the public corporation that will take over the state-run postal services now handled by the Postal Services Agency.