A comment was posted to this Blog on Jan.19 by David(signed as ダヴィド in Japanse language) . The comment was written in English and quite illuminating the core of the fake privatization of the Japan Post. It reads as follows;
[The American military defined the Japanese legal banking system based on their own with the Japanese Glass-Steagall act, in the form of Article 65 of the Securities and Exchange Act of 1948.
50 years afterwards, American continue to shape the legal system of their "Japanese colony" and decided the privatisation of the Japan Post at the end of the 90's in order to further feed their huge debts and ignoble wars.
Koizumi was the Japanese version of J.W. Bush with the unfortunate difference that he was skilled in marketing. Koizumi was a puppet who was selling Japan to the US at any discount.
Now that the American credit crunch exploded and as they exported their debts and crisis worldwide, Japan too needs a keynesian plan to fill the lack of private investments.
If Japan Post does not buy JGB, it will destabilise the bond market and the Japanese government will have serious funding problems.
Besides, we (but also the rest of the world) should be more carefull when buying those American government bonds, which value is at risk due to the growing imabalances of the US economy for the long term.
American must learn that the period of "Deficits without pain" is over.
Japanese must continue to buy their own government debt and American must learn to do the same.
The privatisation of Japan Post must be abolished as soon as possible.]
Thanks for your contribution, David san.