Japan passed a law to halt the privatisation of the country’s postal service, holder of $3.446 trillion in Japanese investments and household wealth, in a move symbolic of the new government’s efforts to overturn nearly a decade of deregulation in the world’s second-largest economy, reports The Wall Street Journal.
Read MoreJapan’s new government may act this year to freeze the breakup and privatisation of Japan Post, Financial Services minister Shizuka Kamei said, reports Bloomberg.
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