In order to be 'public', endorsement by established power is needed. In political power, it has long been considered the Imperial power as the absolute therefore it is the only 'public' throughout overall history, except from 1215 - 1868, during that period power seizure of shognate from the warrior class kept on.
From those 650 years, a kind of double power structure over ordinary people existed. Both Imperial family and shognate family are regarded as 'public'.
In the age the revenue of many multinational corporations are well comparable to those of relatively small state, besides their range of activities is well over beyond the very natioal border, interest. It is not exaggarating to say they are representing not only narrow national interest but interest of the people around the world - therefore they are 'public'. In the next decades of the 21st century they are claiming to be 'public' corporation.
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