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Home >> World
UPDATED: 11:17, September 26, 2005
Japan's post bills approved by cabinet, set to become laws
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The Japanese government on Monday approved again a set of postal reform bills and is to submit them to the ongoing special parliamentary session where they almost certain will be passed, given the dominant strength of the ruling bloc gained after the general election.

The bills aim to privatize Japan Post, dividing the mammoth system into four stock companies in 2007.

Japanese Prime Minister Junichiro Koizumi regards the privatization as the centerpiece task during his tenure.

However, the bills failed to clear the upper house in August due to objection of opposition parties as well as some lawmakers of Koizumi's Liberal Democratic Party (LDP).

Immediately, Koizumi dissolved the lower house thereafter to call a snap election, in which the LDP and the New Komeito party achieved an overwhelming victory by seizing over two-thirds of the lower house seats.

The absolute majority enables the consolidated ruling camp to override a possible unfavorable decision in the upper house. In addition, a lot of LDP's upper house lawmakers who had voted down the bills have surrendered their objecting positions in face of an iron-handed Koizumi governance.

The extraordinarily longer special session runs 42 days through Nov. 1.

Source: Xinhua


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