Bowing to calls to resign, most adamantly by Shizuka Kamei, state minister in charge of postal services, charismatic former banker Yoshifumi Nishikawa officially stepped down Wednesday as president of Japan Post Holdings Co. and was replaced by former Vice Finance Minister Jiro Saito.

Experts say replacing Nishikawa is a turning point in the long-troubled postal privatization process.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

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.