Japanese panel to be given power to monitor privatized postal units
A committee to monitor four entities to be created by privatizing the state-backed Japan Post will be given various powers including advising Cabinet ministers, government sources said Monday. The committee, whose chairman will be appointed by the prime minister, will be placed under the privatization promotion headquarters consisting of all Cabinet ministers, they said. The committee will consist of several people with expertise and will begin its 10-year work in April 2007. The government intends to include the establishment of the committee in legislation for the privatization of postal services it will present to the ordinary Diet session to be convened in January.
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