Price of letters expected to go up from 84 yen to 110 yen. Price increase will be the first in 30 years, excluding the consumption tax hike.
Japan Post is facing a continued deterioration in its postal business performance due to a decline in postal usage. In line with the increase in letter fees, Japan Post will raise the postcard fee from the current 63 yen to 85 yen. The company also plans to increase prices for packs and express delivery. The report also includes requests for the Ministry of Internal Affairs and Communications to request Japan Post to implement drastic digitalization.