Business Plan For Japan Post Service

Japanese Internal Affairs and Communications Minister Yoshihiro Katayama authorized a fiscal 2011 business plan Thursday for Japan Post Service Co. that projects an operating loss of 97.9 billion yen.

According to the business plan for the year starting Friday, the mail and parcel delivery arm of government-controlled Japan Post Holdings Co. is expected to incur the massive loss due to a slump in its Yu-Pack parcel delivery service.

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