• SHARE

Monday’s start of the ordinary Diet session renews Prime Minister Junichiro Koizumi’s scrum with vested-interest Liberal Democratic Party lawmakers and bureaucrats as he pushes through a watered-down plan to privatize four heavily indebted expressway firms.

The government plans to submit a set of bills in March to privatize the corporations in fiscal 2005. Koizumi hopes part of the package will lead the privatized entities to clear off their 40 trillion yen in accumulated debt in 45 years.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)