United States–Japan financial services agreement
United States–Japan financial services agreement: formal name Measures by the Government of Japan and the Government of the United States Regarding Financial Services. 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
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
If you are the author of the text above and you not agree to share your knowledge for teaching, research, scholarship (for fair use as indicated in the United States copyrigh low) please send us an e-mail and we will remove your text quickly. Fair use is a limitation and exception to the exclusive right granted by copyright law to the author of a creative work. In United States copyright law, fair use is a doctrine that permits limited use of copyrighted material without acquiring permission from the rights holders. Examples of fair use include commentary, search engines, criticism, news reporting, research, teaching, library archiving and scholarship. It provides for the legal, unlicensed citation or incorporation of copyrighted material in another author's work under a four-factor balancing test. (source: http://en.wikipedia.org/wiki/Fair_use)
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
The following texts are the property of their respective authors and we thank them for giving us the opportunity to share for free to students, teachers and users of the Web their texts will used only for illustrative educational and scientific purposes only.
All the information in our site are given for nonprofit educational purposes
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
www.riassuntini.com