This site cuts to the straight talk on current financial and economic topics. All related comments are welcome for discussion and suggestions. Please keep in mind that the views expressed in this blog represents the opinions of Sam Park and do not necessarily reflect that of Buchanan Street Partners. The posts and comments do not represent any type of investment advise, and you should conduct your own due diligence before acting on ANYTHING mentioned in this blog.
Friday, October 14, 2005
Koizumi Finally Did It
What has bunch of letters and over $3 TRILLION? Give up?... it's Japan's Postal Savings System, which was state-owned until now. The bill to privatize the PSS finally passed Friday (today) by a vote of 134 to 100. This has been a long fought battle for Japan's Prime Minister Junichiro Koizumi, but he did it. The privatization process will commence in 2007 and expected to be completed by 2017. We at RW Wentworth have been following this long-awaited battle and believe this will have some implications to certain U.S. assets. My report on this matter should be freely available on RWW's website in the coming weeks.
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