I know this can be a sensitive topic, or let's say "politically sensitive." But while privatizing the Japan Post system sends shivers up some backs, the final outcome will benefit all of us.
All that cash invested in the system, and the Japan Post pays next to nothing in interest. What do they do with all that cheap money? Make no mistake, the primary source of funds for the massive budget deficit-i.e. buyers of Japan Government Bonds, is the Post Office.
When all the other banks can enter the Post Office's space, you can bet on some real competition, especially in terms of services offered. The Post Office will get leaner, Government will get leaner, private firms like Yamato and UPS can start offering more mail-like services at much lower prices, and the JPO will have to do a whole lot better at managing the funds of its depositors/investors!
What's to lose? Nothing, friends.
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