Comments on AI Governance in Japan
February 2020
On January 15, 2021, Japan’s Ministry of Economy, Trade, & Industry (METI) issued an interim report, AI Governance in Japan. The report, which was written by an expert committee, reviews global AI governance trends and considers options for turning “principles into practice” in the Japanese market. The USJBC and the Chamber’s Project Data-Driven Innovation, submitted formal comments on this report, and you can find them here (ENG) | (JPN).
Reducing Market Fragmentation through Enhanced International Regulatory Coherence
November 2020
In the aftermath of the financial crisis of 2008, regulatory reforms to strengthen the financial system were critical in enhancing market transparency and restoring confidence in global financial institutions. While the regulatory reforms have been generally supportive of international regulatory coherence, unwarranted market fragmentation remains, which has led to inefficient markets and higher transaction costs. This paper provides an overview of reports presenting thoughtful insights and recommendations for reducing fragmentation. (ENG)
Enhancing Data Connectivity in the Financial Services Sector
November 2020
The financial services firms of the U.S.-Japan Business Council view data connectivity as a means to connect to their customers, manage risks, and ultimately provide critical services to individuals, businesses, and governments around the world. We strongly believe that data connectivity translates directly to economic growth, supports financial stability, and facilitates financial regulators’ access to financial-risk related data that is needed to ensure macroeconomic stability and soundness. Despite strong evidence to support these assertions, financial services firms often find themselves confronted with regulatory efforts that impede data connectivity, risking financial stability and market integrity. (ENG | JPN)
Bridging Japan’s Pension Savings and Returns Gap: A Focus on Younger Generations
November 18, 2020
Japanese retirees have long relied on the public pension system to fund their post-retirement living. In this super-aging society, however, sole reliance on the public pension system is not sustainable; a joint solution leveraging both the public and private pension systems will be essential to secure retirees’ financial wellbeing. (ENG | JPN)
Digital advancements in health care are propelling innovation and driving long - term structural changes in how health car e is delivered — trends that the COVID -19 pandemic has only accelerated. From digital tools driving research and development of treatments and vaccines for COVID -19 to delivering health care remotely through telemedicine, both the response and recovery phases are heavily dependent on new technologies. (ENG | JPN)
57th U.S.-Japan Business Conference
Virtual Meeting | October 26-27, 2020
The U.S.-Japan Business Council (USJBC) and Japan-U.S. Business Council (JUBC) held the 57th U.S.-Japan Business Conference on Monday, October 26 and Tuesday, October 27 Eastern Time, with the theme, “Redefining U.S.-Japan Business Priorities Amidst a Global Pandemic.” Nearly 300 business executives gathered virtually for the first time in the Councils’ shared history to discuss topics such as lessons learned from COVID-19 and the role of innovation in business resiliency, as well as the purpose of corporations, diversity and ESG in today’s world, among others. They were joined by a variety of speakers from the United States, Japan, and the European Union, including Japanese Foreign Minister Toshimitsu Motegi, U.S. Deputy Secretary of State Stephen Biegun, EU Ambassador to Japan Patricia Flor, Council on Foreign Relations President Dr. Richard Haass, and Nobel Laureate Dr. Shinya Yamanaka. At the conclusion of the conference, the Councils ratified the Joint Statement, with sector-specific supplements, which can be found below:
- 57th U.S. - Japan Business Conference Joint Statement ENG | JPN
- Digital Economy ENG | JPN
- Energy and Infrastructure ENG | JPN
- Financial Services ENG | JPN
- Healthcare Innovation ENG | JPN
- Travel, Tourism and Transportation ENG | JPN
56th U.S.-Japan Business Conference: Towards a Stronger U.S.-Japan Economic Relationship
Washington, D.C. | September 17-18, 2019
- Joint Statement ENG | JPN
- Supplement on Digital Economy ENG
- Supplement on Energy and Infrastructure ENG
- Supplement on Financial Services ENG
- Supplement on Healthcare Innovation ENG
- Supplement on Travel, Tourism, and Transportation ENG
Comments on the U.S.-Japan Trade Negotiations
November 21, 2018
The U.S. Chamber of Commerce and its U.S.-Japan Business Council submitted comments on the negotiating objectives for a U.S.-Japan Trade Agreement. The issue- and sector-specific priorities contained in this document are those of the U.S. Chamber of Commerce, U.S.-Japan Business Council, and the American Chamber of Commerce in Japan.
55th Japan-U.S. Business Conference: Deepening U.S.-Japan Collaboration to Address Increasing Uncertainty
Tokyo, Japan | October 31 - November 1, 2018
- Joint Statement ENG | JPN
- Supplement on Digital Economy ENG
- Supplement on Energy and Infrastructure ENG
- Supplement on Financial Services ENG
- Supplement on Healthcare Innovation ENG
- Supplement on Travel, Tourism, and Transportation ENG
54th U.S. – Japan Business Conference: U.S. – Japan Ties at a Critical Juncture
Washington, D.C. | November 2-3, 2017
- Joint Statement ENG | JPN
- Supplement on Digital Economy ENG | JPN
- Supplement on Energy ENG | JPN
- Supplement on Financial Services ENG | JPN
- Supplement on Healthcare Innovation ENG | JPN
- Supplement on Travel, Tourism, and Transportation ENG | JPN
Pacific Partners 2017: Japan’s Economic Importance to the United States
This document, Pacific Partners 2017, is the third update on the ties between the U.S. and Japan, and is compiled by the U.S.-Japan Business Council. For this update, the growing exports of Japanese owned U.S. plants is but one of the highlights worth noting.
