The U.S. and European Union governments have made forceful efforts to help life insurers from outside Japan get fair treatment in Japan, according to the American Council of Life Insurers.
The ACLI, Washington, has put out a statement praising what it says is the “unparalleled cooperation between the U.S. and E.U. governments” in trade talks with Japan.
Michael Punke, the U.S. ambassador to the World Trade Organization, has been especially helpful, according to the ACLI.
Japan has been in the process of privatizing its giant Kampo Japanese Post Insurance system.