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Japan Close To Privatizing Postal Services
 
The bill related to the privatization of the postal services was passed by the House of Representatives. Even though some members of the Liberal Democratic Party voted against it, the bill passed by a slim margin of 5 votes, with 233 for and 228 against privatization.

I have been advancing structural reforms under the policies of "leave to the private sector what it can do" and "leave to the localities what they can do." It is at the heart of such reforms that the privatization of the postal services lies.

The bill sets out a structure whereby the private sector will manage the three postal services--mailing, savings, life insurance-- which are currently operated by about 400,000 civil servants. The bill will ensure that the creativity and innovation of the private sector are harnessed to provide services that respond precisely to people's needs. Not only that, the injection of private sector knowledge will enable funds amounting to 340 trillion yen in postal savings and life insurance to be operated efficiently. The bill is therefore an important pillar that will support the revitalization of the economy by realizing "small government."

The bill has been compiled in a way that gives ample consideration to maintaining post offices in sparsely populated areas and on isolated outlying islands. Once privatization is realized, post offices will not be confined to providing the three services they have provided to date. Instead, they will have the freedom to venture into different lines of business, fully utilizing the knowledge and ingenuity that characterizes the private sector.

Tuesday's passing of the bill at the plenary session came after a cumulative total of about 110 hours of heated debate in the special committee, where opinions were raised by those in support of as well as those against the bill.

People agree to the general idea of the policy to "leave to the private sector what it can do." Once we get into concrete discussions of privatization of the postal services, however, deep-rooted opposition becomes apparent. I have been battling against a chorus of dissenting voices in order to bring opinion together, both externally and internally. We are at last approaching the ultimate target of the reforms.

The bill will now be deliberated in the House of Councilors. I will brace myself and give my all to ensure this bill is enacted.

 
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