Japanese Prime Minister Junichiro Koizumi expressed his firm determination to pass postal services privatization legislation, reported the Yomiuri Shimbun newspaper.
The Diet convened its 162nd ordinary session Friday.
The prime minister explicitly said he would stick to the basic privatization policy adopted by the Cabinet in September. One of the key planks of the policy is the creation of four entities: mail and parcel delivery, insurance service, savings service and an over-the-counter services network–under a holding company.
“The Fiscal Investment and Loan Program must be reformed because it’s the connection between the entrance of funds, postal savings and kampo postal insurance, and the exit of funds to public corporations. The flow of funds should be shifted from public to private,” Koizumi said.
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