How will the Japanese postal savings system change the behavior of Japanese customer and private banks?
The postal system will change in the future in several ways. It will become private. Individual saving accounts will not be guaranteed beyond 10M yen. Finally interest rates given today will no longer keep the market advantage over retail banks. This change to the way money is kept in the system will give private banks a chance to give customers a chance to appeal to other products and services. These new offerings may be safer and higher yielding than those currently offered within the post office today.
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