1、1 Hashimoto Announces “Big Bang” Economic Plan. Kyodo Newswire. November 11, 1996.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20335Updated June 15, 2000Japans Landmark Financial Deregulation:What It Means for the United States
2、(name redacted)Specialist in Industry and TradeForeign Affairs, Defense, and Trade DivisionSummaryMajor financial deregulation is underway in Japan that could have far-reachingimplications for U.S.-Japan economic relations. The process has been accelerating sincethe so-called “Big Bang” announcement
3、 by former Prime Minister Hashimoto inNovember 1996 calling for the realignment of Japans financial markets to make themcomparable to those of Europe and the United States. The reform process includesallowing financial institutions to establish holding companies and enter heretoforeprohibited lines
4、of business. It also is expected to open markets to more foreignparticipation. Along with the Financial Services Agreement under the World TradeOrganization and bilateral agreements with the United States on liberalizing Japansinsurance market, these measures are expected to open the management of a