Relating to the importance of Japanese-American relations and the urgent need for Japan to more effectively address its economic and financial problems and open its markets by eliminating informal barriers to trade and investment, thereby making a more effective contribution to leading the Asian region out of its current financial crisis, insuring against a global recession, and reinforcing regional stability and security.

Summary

Expresses the sense of the House of Representatives that Japan, because of its economic and technological achievements and democratic political system, should enhance alliance cooperation and raise its position of regional partnership by urgently: (1) undertaking broader and faster deregulation of its economy in order to promote opportunities for foreign firms (including foreign investment), improve transparency and disclosure, reward innovation and competition, and reduce systemic risk; (2) opening its distribution system to eliminate exclusionary and discriminatory business practices that limit imports and stifle economic growth and competition there; (3) honoring and implementing its bilateral trade agreements with the United States as well as its multilateral trade commitments; (4) addressing its fiscal problems in a manner that does not jeopardize economic recovery, including significant tax cuts and certain steps to solve systemic problems in the banking system; and (5) adopting all appropriate policies to strengthen the Japanese yen.

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8 official files

• Engrossed in House (text)

  Engrossed in House · EN · 20 July 1998

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• Engrossed in House (PDF)

  Engrossed in House · EN · 20 July 1998

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• Passed House amended

  summary · EN · 20 July 1998

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• Reported in House (text)

  Reported in House · EN · 17 July 1998

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• Reported in House (PDF)

  Reported in House · EN · 17 July 1998

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• Introduced in House (text)

  Introduced in House · EN · 24 March 1998

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• Introduced in House (PDF)

  Introduced in House · EN · 24 March 1998

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• Introduced in House

  summary · EN · 24 March 1998

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