Oct. 3 (Bloomberg) -- Japan’s Financial Services Minister Shizuka Kamei targets a complete change in the management of Japan Post Holding Co., he said today in a television program.

“I hope they will make the decision on their own,” Kamei said on a Nippon Television program today, referring to voluntary resignations.

The Democratic Party of Japan, which took power after its landslide Aug. 30 election victory, pledged to reverse Liberal Democratic Party plans to sell off the postal service and its bank, which holds 178 trillion yen ($2 trillion) of deposits.

Kamei, who quit the then-ruling LDP in 2005 after opposing postal privatization, reiterated a plan to submit to parliament legislation that will freeze plans for selling shares in units of the postal group.

Prime Minister Yukio Hatoyama said before taking office he wanted Japan Post President Yoshifumi Nishikawa, who helped craft privatization plans for the group, to resign.

To contact the reporter on this story: Junko Hayashi in Tokyo at juhayashi@bloomberg.net.

Last Updated: October 3, 2009 01:46 EDT