UPDATE 1-Japan’s Kamei to stay as banking minister -media

(Recasts and adds background)

TOKYO, June 4 (BestGrowthStock) – Shizuka Kamei, an outspoken veteran
lawmaker, is likely to retain the post of Japan’s banking
minister in a cabinet to be formed by Prime Minister-elect Naoto
Kan next week, Fuji TV said on Friday.

Kamei, the leader of a tiny coalition partner known for his
populist views and combative comments, is often critical of the
banking industry (Read more about the banking industry recovery.), which is unhappy with his drive to scale down
the privatisation of the country’s postal system.

The banking industry (Read more about the banking industry recovery.) sees such a move as giving unfair
government support to the gigantic financial institution.

Kamei has used his influence in the coalition government to
push his populist agenda, including a moratorium on the repayment
of bank loans to help debt-ridden small businesses.

Kamei told reporters he wanted a bill to scale back the
privatisation of the postal system to be enacted in the current
parliament session, which is due to end in mid-June but could be
extended.

Kamei, without commenting on whether he would be in the new
cabinet, said he would support Kan.

“He is someone who cares about how ordinary people feel. I am
not worried. I will support him fully,” he said.

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(Reporting by Leika Kihara, Chisa Fujioka and Taiga Uranaka;
Editing by Michael Watson)

UPDATE 1-Japan’s Kamei to stay as banking minister -media