The president of the holding company of the soon-to-be privatized postal system asked the ruling Liberal Democratic Party on Thursday to consider revising the privatization laws to give the firm greater freedom to make acquisitions, LDP officials said.

Yoshifumi Nishikawa, former president of Sumitomo Mitsui Banking Corp., told the meeting of LDP lawmakers the current laws impose constraints on his company’s future acquisitions — acquisitions that are required to make the privatization successful.

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