United States–Japan Financial Services Agreement

United States Japan financial services agreement in Global Commerce Policy

In this regard, united states japan financial services agreement is: formal name Measures by the Government of Japan and the Government of the United States Regarding Financial Services. The entries on trade policy are here. It was concluded in February 1995 following United States complaints about closed financial markets in Japan. The Agreement gives United States fund management and securities firms a measure of improved market access as well as greater transparency of the Japanese market. The main components of the Agreement are that Japan will (a) provide unrestricted access to its public pension fund market by investment advisory companies, (b) eliminate balanced funds requirements, thus enabling more firms to compete, (c) move towards market value accounting for pension liabilities, (d) permit dual licensing of investment trust businesses and discretionary investment management businesses, (e) liberalize restrictions on the introduction of new financial instruments, (f) introduce a domestic asset-backed securities market in Japan, and (g) eliminate restrictions on the offshore securitization of Japanese assets. There are also provisions promoting the further integration of the Japanese capital market into global capital markets. The benefits of the Agreement have been made available to WTO members on a most-favoured-nation basis to the extent that they are amenable to the provisions of the GATS.[1]

United States Japan financial services agreementin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “United States Japan financial services agreement” entry (OAS)

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