TOKYO, Dec. 18 (Xinhua) — Japan plans to lift its stamp value for standard-size letters beginning as early as subsequent fall, the federal government mentioned on Monday.
The postage value is anticipated to rise to 110 yen (0.77 U.S. dollar) from 84 yen, in response to the Ministry of Internal Affairs and Communications.
It can be the primary postage value hike in 30 years, excluding will increase according to consumption tax hikes.
Meanwhile, the costs for Japan Post’s commonplace postcards are anticipated to rise from 63 yen to 85 yen, mentioned the ministry in its announcement soliciting opinions from the general public.
The plan was proposed after Japan Post reported that its mail providers logged an working lack of 21.1 billion yen in fiscal 2022, the primary purple ink because the nation’s postal providers have been privatized in 2007.
The firm’s loss is anticipated to develop to 343.9 billion yen in fiscal 2028 with out a rise in postage costs amid elevated labor and gasoline prices, in response to native media reviews citing ministry officers. (1 Japanese yen equals 0.0070 U.S. dollar)