The U.S.-Japan Business Council (USJBC) at the U.S. Chamber of Commerce is a Washington, D.C.-based business association whose mission is to advance U.S. business interests in Japan and promote stronger economic ties between the United States and Japan.
USJBC member companies collectively account for a substantial share of overall U.S. economic activity with Japan, and place high priority on doing business in Japan and helping forge the most cooperative and mutually beneficial economic relationship possible between the two countries.
On January 15, 2021, Japan’s Ministry of Economy, Trade, & Industry (METI) issued an interim report, AI Governance in Japan (English version here). 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.
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.
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.
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.
WASHINGTON, D.C.—The U.S. Chamber’s U.S.-Japan Business Council (USJBC) announced today that Doug Peterson, president and chief executive officer of S&P Global, has been elected chairman of the USJBC for a two-year term, effective October 27, 2020.
Redefining U.S.-Japan Business Priorities Amidst a Global Pandemic
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.
This Hill letter was sent to the Senate Committee on Foreign Relations, on the nomination of Dr. Kenneth Weinstein to be U.S. Ambassador to Japan.
WRITTEN COMMENTSON: “U.S.-Japan Trade Agreements”TO: Subcommittee on Trade, U.S. House of Representatives Committee on Ways & MeansBY: The U.S. Chamber of Commerce and U.S.-Japan Business Council
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Joint Statement on WTO Trilateral Discussions
The trilateral discussions between the European Union, Japan and the United States need to deliver concrete proposals that restore the global level playing field with regards to market distortive practices.