By YURIKO SUZUKI/ Staff Writer
December 19, 2023 at 14:54 JST
The postal service is considering raising stamp prices to move back into the black in the fiscal 2025. (Asahi Shimbun file photo)
Faced with rising costs and declining usage, Japan Post Co. will raise postal rates by around 30 percent next fall, marking the first increase in three decades.
Mail fees will be increased from 84 yen ($0.59) to 110 yen for standard-size letters up to 25 grams, and from 63 yen to 85 yen for standard-size postcards under a telecommunications ministry expert panel plan that was unveiled on Dec. 18.
Stamp prices for standard-size letters up to 50 grams will be raised from 94 yen to 110 yen.
Additionally, fees for express mail and small parcels are also expected to increase.
The new prices are expected to become effective in fall 2024 with relevant regulations revised as early as June.
This will be the first postage rate hike for letters since 1994, excluding increases tied to hikes in the consumption tax.
The increases come after Japan Post sustained an operating loss of 21.1 billion yen in fiscal 2022, marking the first loss since the privatization of the postal service in 2007.
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