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- Deregulation as Market Opening in Japan
- Deregulation of Japan's economy is of interest to the United States because regulations may work as nontariff barriers to U.S. exports and contribute to the $60 billion U.S. bilateral merchandise trade deficit. Excessive regulations also may hamper the ability of the Japanese economy to recover from recession and to augment world wide economic growth. The United States has submitted a request of about 200 items that it would like Japan to deregulate. Negotiations are continuing under the Framework Talks, and some of the items will likely be included in the Japanese government's five-year plan to deregulate and liberalize its economy.