Policy Information

Regulatory Reform and Competition Policy Initiative

At the Japan-U.S. summit of April 1997, the Prime Minister and the President decided to strengthen dialogue and reinforce the efforts of their governments with regard to deregulation and competition policy under the U.S.-Japan Framework for a New Economic Partnership. Toward that end, in June of that same year Japan and the U.S. agreed upon a framework for the so-called "Japan-U.S. Deregulation Dialogue" to discuss deregulation in six areas (with working groups focusing on telecommunications, energy, deregulation, competition policy, etc.) in accordance with the principle of reciprocity. An annual joint report was compiled in June 2001, and this was submitted to the Prime Minister and the President.

The Fourth Joint Status Report on the U.S.-Japan Enhanced Initiative on Deregulation and Competition Policy was approved on June 30, 2001 by the Prime Minister and the President at the Japan-U.S. summit at Camp David. This marked the end of Japan-U.S. Deregulation Dialogue, and led to the constructive establishment of the Regulatory Reform and Competition Policy Initiative, which is part of the U.S.-Japan Economic Partnership for Growth that had been launched as the result of a Japan-U.S. summit. On October 14, 2001, the governments of Japan and the United States exchanged submissions regarding regulatory reform and competition policy. The working groups and High-Level Official Group have been held sequentially since November, 2001.In June 2002, the two governments issued their first report regarding this initiative to leaders, as a result of the dialogues.

Submissions made on October 14, 2001 by the governments of Japan and the United States regarding reform and competition policy:
a. Japan's submission to U.S. (MOFA website)
b. U.S. submission to Japan (USTR website, PDF file)