Japanese LDP pledges to pass postal privatisation plan in next Diet
The Liberal Democratic Party is pledging in its policy platform to pass in the next Diet session the postal privatization legislation defeated in the upper house earlier this month. “Postal privatization is the main issue in the lower house election,” Prime Minister Junichiro Koizumi told a news conference Friday at which he unveiled the party’s policy outline. He dissolved the lower house Aug. 8 in response to the upper house rebuff, setting the stage for a Sept. 11 general election. Should the LDP and coalition partner New Komeito be able to secure a majority in the lower house, Koizumi said the postal bills would be resubmitted in a special Diet session to convene within 30 days of the election. The legislation calls for spinning off Japan Post into four companies in April 2007, with full privatization taking place by 2017. But the composition of the upper house will remain unchanged, and the bills could be voted down again.
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