The government on Tuesday named Japan Post President Masaharu Ikuta and six others as the founding members of a company that will be set up in January to plan the details of the postal system's privatization under laws enacted last week.
The other six are Hiroshi Okuda, chairman of the Japan Business Federation (Nippon Keidanren); Kakutaro Kitashiro, chairman of the Association of Corporate Executives; Nobuo Yamaguchi, chairman of the Japan Chamber of Commerce and Industry; Yoshihisa Akiyama, chairman of the Kansai Economic Federation; Yoichiro Morishita, chairman of the Postal Administration Council; and Keimei Kaizuka, chairman of the Financial System Council.
Senior officials from the Finance Ministry and other government agencies related to Japan Post's privatization will also be appointed as founding members within the month.
The planning firm, which will develop into the holding company, will have a management committee that will consider how to distribute employees and assets to the four separate firms when privatization commences in October 2007.