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    Japan Post privatization approved

    Japan Post privatization was approved by the House of Councillors today:

    The Japan Post privatization bills were approved and enacted by a majority, mostly from the ruling coalition, in a session of the upper house on 14 October. The final vote was 134 in favor, 100 opposed. On 1 October 2007, the Japan Post Public Corporation will be privatized and spun off into four companies: one for postal service, one for postal savings, one for postal insurance, and one for window services.

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