A new joint stock company set up by Japan Post began operations Monday in the leadup to privatization, which is scheduled to begin in October 2007.

The new company will become a holding company Oct. 1, 2007, the first step in a 10-year privatization process under which the public corporation will be split into four business units.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.