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The Privatization of Japan Railways and Japan Post: Why, How, and Now

In: Reforming State-Owned Enterprises in Asia

Author

Listed:
  • Chul Ju Kim

    (Asian Development Bank Institute)

  • Michael C. Huang

    (National Graduate Institute for Policy Studies)

Abstract

Privatization of state-owned enterprises (SOEs) has been globally prevalent since the 1980s with a primary objective of improving their performance in profitability and provision of better service through the ownership change. Privatization led the transition to a market economy in the Soviet socialist countries, and became a critical aspect of reform packages to enhance public sector management in the 1990s both in developed and developing countries (Tamamura 2004). However, privatization has different nuances depending on the specific country circumstances. In the case of Japan, it was closely related to the process whereby entities called “special public corporations” were converted into regular joint stock companies so that their shares could be offered to the public, while they were still used to deliver government services or operate a monopoly in certain cases like post networks.

Suggested Citation

  • Chul Ju Kim & Michael C. Huang, 2021. "The Privatization of Japan Railways and Japan Post: Why, How, and Now," ADB Institute Series on Development Economics, in: Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Chul Ju Kim & Kunmin Kim (ed.), Reforming State-Owned Enterprises in Asia, chapter 0, pages 133-155, Springer.
    • Handle: RePEc:spr:adbchp:978-981-15-8574-6_7
    DOI: 10.1007/978-981-15-8574-6_7
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