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Steep Road Ahead for Postal Privatization.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Tani Sadafumi
In late-April, the government's Council on Economic and Fiscal Policy (CEFP) compiled an interim report on the privatization of Japan's postal system. In addition to proposing a schedule for the phased privatization of the postal service, postal savings and postal life insurance, the report envisages at the same time the abolition of government guarantees for postal savings and insurance, and the creation of a level competitive playing field with the private sector. With a House of Councilors election approaching in July, however, all politically unpopular issues have been deferred ...
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