Recently, we discussed the benefits of a privtized Japense Post. It seemed promising but the dream is over as the upper house rejected Koizumi's desire to privatize the monstrous institution. In fitting language Koizumi had this to say:
Mr Koizumi, who said he would prefer to “be killed” than give up his hopes of privatising the post office, got the approval to dissolve the lower house of parliament at an emergency cabinet meeting held after the vote. Such a move means a general election must be held within 40 days.
Seems that just when Japan might be having some good news, progress is thwarted as evidenced by the drop in the Yen. Oh well.
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