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To: Ilaine who wrote (5370)6/26/2001 9:25:35 PM
From: LLCF  Respond to of 74559
 
But the 'taxpayer' [public] has huge debt... don't you think he'd like to pay some down? Morally you could argue the government shouldn't be giving back the surplus [all 6 months of it so far] at all.

DAK



To: Ilaine who wrote (5370)6/27/2001 7:39:59 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi CB, Let us wish the poor rich Japanese well ...

nni.nikkei.co.jp

Chugs, Jay

QUOTE
Wednesday, June 27, 2001
Postal Savings-Funded Bodies To Need Y11tln In Tax Money

TOKYO (Nikkei)--Thirty-three government-affiliated corporations funded by postal savings money will need 11.26 trillion yen in taxpayer money over the next 80 years to remain in operation, according to an estimate released Wednesday by the government Fiscal System Council.

Japan Highway Public Corp. would require the largest amount, at 3.46 trillion yen over the next 51 years, followed by Japan National Oil Corp., at 1.82 trillion yen over the next 21 years.

Many of the costliest entities are on a list of corporations under government review for possible disbandment.

Estimates were made also based on such scenarios as fluctuations in interest rates and earnings. If interest rates rise 1% from the current level, Housing Loan Corp., for example, would need 1.56 trillion yen in additional taxpayer money. A 10% fall in the revenues of Japan Highway Public would boost its fund requirements by 2.80 trillion yen.

(The Nihon Keizai Shimbun Wednesday evening edition)
UNQUOTE