This argument can be boiled down to the selfish desire of the banking industry to collect more deposits if the postal savings system does not exist. The proposal is completely wrong because it allows enormous wasteful expenditure to be continued on construction-obsessed public works projects and call for post offices to be sold off in the name of fiscal rehabilitation, although they are in the interestof the people. To correct this setup would be the most direct contribution to fiscal rehabilitation. Economic, Fiscal and IT Policy Minister Takenaka Heizo called for the people's safe savings to be put into the stock market to take risks. People prefer postal savings to banks and stock because they are greatly concerned about the present financial system.
Trouble is all that the proposal means to the people.
Koizumi's call for the privatization of the post office is geared to guarantee bigger profits for the banks and major corporations, while paying little attention to public convenience. In Japan, post offices and public mailboxes are established in every municipality, including remote corners and isolated islands. They are public assets available to everyone at cheap cost, offering basic communications and correspondence, financing, and insurance. In their daily living the people depend on post offices. Many people choose the post office because they know that post offices are something they can count on.