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Can the Government Deliver, On Time, Major Reform of Japan's Postal Service?
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******************************** Can the Government Deliver, On Time, Major Reform of Japan's Postal Service? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1350 The reawakening of Japan's economy following more than a decade of decline comes after a series of major economic reforms, but the biggest change may be yet to come. Privatization of Japan's massive postal savings system, which holds savings and insurance assets valued at $3 trillion for 85% of Japan's population, is set to take place over the next 12 years. The proposal, overwhelmingly endorsed by voters in a September special election, will shift a mountain of assets from government control to private markets. Wharton faculty say the long timetable for carrying out the plan -- which stretches to 2017 -- may help blunt political opposition that is likely to continue, even after the process starts.
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