{
  "id": "RS20335",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS20335",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 100872,
      "date": "2000-06-15",
      "retrieved": "2016-05-24T20:35:47.155941",
      "title": "Japan's Landmark Financial Deregulation: What It Means for the United States",
      "summary": "Major financial deregulation is underway in Japan that could have far-reaching implications for\nU.S.-Japan economic relations. The process has been accelerating since the so-called \"Big Bang\"\nannouncement by former Prime Minister Hashimoto in November 1996 calling for the realignment\nof Japan's financial markets to make them comparable to those of Europe and the United States. The\nreform process includes allowing financial institutions to establish holding companies and enter\nheretofore prohibited lines of business. It also is expected to open markets to more foreign\nparticipation. Along with the Financial Services Agreement under the World Trade Organization\nand bilateral agreements with the United States on liberalizing Japan's insurance market, these\nmeasures are expected to open the management of approximately $10 trillion in personal assets in\nJapanese financial markets to U.S. banks, brokerage houses, and other financial service companies. \nThe U.S. Treasury has been negotiating with Japan on financial deregulation under the U.S.-Japan\nEnhanced Initiative on Deregulation and Competition Policy. This report will be updated as events\nwarrant.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
      "formats": [
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          "format": "PDF",
          "encoding": null,
          "url": "http://www.crs.gov/Reports/pdf/RS20335",
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          "images": null
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      ],
      "topics": []
    }
  ],
  "topics": [
    "Foreign Affairs",
    "Industry and Trade"
  ]
}