Legislation to amend part of the Postal Privatization Act, etc.

The "Legislation to amend part of the Postal Privatization Act, etc." has been enacted by the House of Representatives on August 1, 2023. This legislation aims to reform postal services in Japan, with a focus on promoting private sector involvement and competition. The bill's main purpose is to establish a more efficient and competitive postal market, potentially impacting industry players such as Japan Post Holdings. Compliance considerations may arise for businesses operating in this new regulatory environment.