The secretariat of a government panel charged with drawing up administrative reforms plans to call for the privatization of Shoko Chukin Bank, the state-run lender to small and midsize companies, as well as 57 of 86 government-backed public corporations, government sources said.
Among the corporations recommended for privatization are Japan Mutual Aid Association of Public School Teachers and Japan Federation of Certified Public Tax Accountants' Association.
"It is desirable to make Shoko Chukin Bank into a private-sector legal entity," a report compiled by the secretariat says.