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Published online by Cambridge University Press: 07 May 2025
Koizumi Junichiro, Japan's prime minister, has lost the vote on his grand scheme to privatise the country's post office with its vast savings pool and will go to the polls. For now, the village-pump communitarian face of Japanese conservatism has won out over anti-bureaucratic, privatising radicalism. The global finance industry will have to wait a little longer to get its hands on that Dollars 3,000 billion of Japanese savings.