The government might strip Japan Post workers of their public-servant status and might end the guarantee on ordinary deposits in 2007, when postal service privatization is phased in, according to government sources.
As part of its reforms, the government plans to stop guaranteeing ordinary deposits held in the postal savings system, including those deposited prior to privatization, the sources told Kyodo News.
These ideas will be submitted to a meeting of the government's Council on Economic and Fiscal Policy in early August. The meeting will involve intensive deliberations on the privatization of postal services.