Japan's Central Bank Told the Check's in the Mail

The privatization of Japan Post demonstrates that bold economic reforms are worth the time and trouble they take.

Buying into Australia.

Photographer: Kiyoshi Ota

For a decade, beginning in the early 2000s, Japan Post, an enormous state-owned company with some 400,000 employees and 25,000 branches,  embodied the bloat, corruption and complacency that undercut every effort to reform Japan's economy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.