Newly appointed Japan Post Holdings Co. President Jiro Saito said Wednesday the group will place more importance on services of a public nature, in line with the policy of the Democratic Party of Japan-led government.
The comment underlined a clear shift from the profit-driven policies implemented by former Prime Minister Junichiro Koizumi, who started the postal privatization process, to emphasize the public nature of the postal and financial giant's business.
He also said Japan's postal business has had a strong public nature since its establishment, similar to that of the electric power companies.