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Manifesto
The DPJ's Eight Pledges to Transform Japan

Sweep Away Wasteful Spending! No Tax Increases Targeting Salaried Workers Realisation of an
Realisation of a Safe and Secure Society without Inequalities, and of Everyday Happiness Promotion of
From Concrete to People, People, People Toward a Fair and Transparent Market Economy
Decentralisation Reform - Entrusting Regional Affairs to the Regions - Real Postal Reform - From the Public to the Private Sector

Real Postal Reform - From the Public to the Private Sector

We will drastically reduce the size of postal savings and insurance, and allow funds to flow from the public to the private sector. We will maintain a universal postal service network across the nation.

The Democratic Party of Japan has consistently called for the implementation of postal reform since its manifestos issued for the 2003 House of Representatives election and the 2004 House of Councillors election.

We will reduce postal savings and insurance deposits, currently at 340 trillion yen, to an appropriate size.
(1) During 2006, we will lower the upper limit of postal savings deposits to ¥7 million per depositor, to be implemented as deposits reach maturity.
(2) At the same time, we will make absolutely sure that separate accounts held by the same person are calculated together. Any funds that exceed the upper limit for deposits will be transferred to government bonds targeted at individual investors and the like.
(3) Following this, we will further lower the upper limit of postal savings deposits to ¥5 million.
(4) We will halve the ¥220 trillion of postal savings within eight years.
We will halve the ¥3.5 trillion of subsidies to special corporations and the like over three years, and eliminate wasteful spending of postal savings and insurance funds at the source.
We will make it a responsibility of government to maintain a universal postal service nationwide.
We will make it a responsibility of government to maintain a nationwide network of settlement services such as cash deposits and withdrawals, payment of utility bills and receipt of pensions.
Once postal savings and deposits have been reduced to an appropriate size, a whole variety of options will be possible, such as amalgamation with quasi-government financial institutions.

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