• Kyodo

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Deutsche Post AG has decided to expand its overseas parcel delivery services in Asia because demand in Germany is expected to decline, company sources said Monday.

The major postal and transport services company will invest more than $700 million in Japan and China via its affiliate DHL International Ltd. to develop a contribution network in the region, they said.

Deutsche Post established an 18,000-sq.-meter distribution center in Tokyo last month on expectations Japan will become its business base in the Asia-Pacific area.

In China, the German company has tied up with a Chinese postal services agency to expand its collection and delivery bases there, the sources said.

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