Moratorium, a savior
Minister Kamei , Japan's Financial services MInister proposed a moratorium on repaying thier bank loans. Minister Kamei is now head of the New People's Party whichi is a core member of the coalition ruling government in Japan.
The new People's Party was formed against the Koizumi-Takenaka market fundamentalism and consistuently pursued its policy againset the privatizaiton of the national postal services which was a symbol of the structural adjustment that was then strongly supported by the Koizumi-Takenaka or Bush related neocon folloowers.
Minister Kamei named his deputy Kohei Otsuka, who was an official at the Bank of Japan to lead a task force to introduce a bill to practice the moratorium.
Mr Kamei is a well seasoned politician who was once named as a candidate for the prime minister when he contended with then LDP's candidated for the Party head.
Reportedy a conspiracy to block the running of Mr Kamei to the election of Prime Minsiter within the then ruling party brought the emergence of Mr Koizumi, a staunch follower of neocon capitalism in Japan.
An wired service reported recently as follows.
"Corporate bankruptucies in Japan in August declined 1 percent from a ear earlier to 1241 cases, ending three straight months of increases,according to Tokyo Shoko Research Ltd. The decrease was attrributed to government stimulus measures and credit programs. Japanese companies that could have been profitable have failed because they did not get support form the nation's banks, Kamei said.
Japanese Postal Privitization is deeply connected to the conspiracies of the Neocon related financial gambling and reportedly Japanese judicial investigation and legal prosecution will follow to punish the villains of the domestic and foreign financial institutions which notoriously destroyed the Japan's healthy market.
Mr Kamei, already visited the United States, and reportedly explained the disastorus and rampant activities of the malicious investors in Japan to the counterparts of the new administration..
Mr Yoshifumi Nishikawa, President of the privatized Japan Post, is cautiously asked to leave the post by Minister Kamei. Japanese Postal privitization is now completedly failed and criminal prosecution against the scandals involving the sales of the assetts of the Japan Post has been already proposed by the members of the Diet and it is accepted by the Prosecutor's office in Tokyo.