CIAO DATE: 08/2010
June 2010
Peterson Institute for International Economics
On May 31, 2010 a majority of the Lower House of the National Diet of Japan approved legislation that would reverse a decade’s worth of effort to fully privatize key subsidiaries of Japan Post Holdings Co. Ltd. Besides postal services, the state-run postal system offers banking and insurance services, through Japan Post Bank (JPB) and Japan Post Insurance (JPI), respectively.
Resource link: The Big U-Turn: Japan Threatens to Reverse Postal Reforms [PDF] - 153K