Japan Post
The final version of the bill to privatize Japan Post in 2007 was passed in October 2005. It officially abolished Japan Post, with its branches broken up into a shareholding company and four other companies for postal service, postal savings, postal life insurance, and post office service networks. The legislation provided a 10-year transition period wherein the savings and insurance companies would be fully privatized while the government would still continue to be involved with the three other companies. The law also stated that Japan Post Bank and Japan Post Insurance are to go public in 2010 and their shares would be made available to the market two years later.