Japan Post to Raise International Mail Rates by Average 37% in February Next Year

時事通信··JPUS·Read original
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Summary · why it matters

Japan Post announced on the 9th that it will raise international mail rates on February 1 next year. Due to sharply higher delivery costs amid inflation and the weak yen, rates will increase by an average of about 37%. This will be the first revision of international mail rates since October 2023. International Express Mail Service will rise by an average of about 37%, parcels by 39%, and ordinary mail such as postcards by 35%. For EMS, the pricing structure for items weighing 6 kilograms or less will change, with the weight increments revised from 100 to 500 grams to 1 kilogram. Sending a 5.5-kilogram item from Japan to the United States will cost 21,400 yen, up from the current 16,300 yen. The company said the move is aimed at maintaining the stable provision of international mail services. Domestically as well, the cash-registered-mail envelopes and large cash envelopes will rise from 21 yen to 30 yen on April 1 next year.

Impact on assets 1

Aging Population▲
JAPAN POST HOLDINGS Co., Ltd.
6178
▲ PositivePricingrelevance

Japan Post raises international mail rates by an average 37% (EMS 37%, parcels 39%, ordinary mail 35%) to offset higher delivery costs, a direct price hike on its own services.