Japan Post Holdings President Yoshifumi Nishikawa announced Oct. 20 that he intends to resign amid mounting pressure from the Democratic Party of Japan-led administration.

Nishikawa said he will submit his letter of resignation Oct. 28, when Japan Post holds a board meeting.

He told reporters at the holding company's headquarters that there is a big difference between what he has done and intends to do for the privatization of the Japan Post group, and the new government's policy.

Shizuka Kamei, state minister in charge of postal services, said he will swiftly decide on Nishikawa's successor.