US Dems Now Want To Overhaul Japan’s Insurance Industry

March 26th, 2010 Posted By Pat Dollard.

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WASHINGTON, March 27 (AP) - (Kyodo)—A group of Democratic lawmakers said Friday they had sent a letter to President Barack Obama calling on the administration to tear down foreign nations’ trade barriers to U.S. exports, including “unfair competition” in Japan’s insurance market.

In the letter dated Thursday, the 26 lawmakers belonging to the House Ways and Means Committee did not go into detail, but appear to be seeking to ensure equal competition conditions between Japan Post Insurance Co., a unit of the government-owned Japan Post Group, and private-sector insurers.

They also spoke of the need to tackle foreign countries’ restrictions on beef imports from the United States, apparently including Tokyo’s import ban on U.S. beef from cattle aged over 20 months.

The lawmakers led by Sander Levin, chairman of the House committee, asked the administration to handle these and other trade barriers in its 2010 National Trade Estimate Report on Foreign Trade Barriers, due out next week, with countermeasures such as filing complaints with the World Trade Organization.

“We urge you to use the NTE as an opportunity to address these barriers by instructing (the Office of the U.S. Trade Representative) to request immediate negotiations with our respective key trading partners,” they said.

“If these significant trade issues cannot be resolved on an expedited basis, we urge USTR to take appropriate action, whether under WTO rules, U.S. law, in bilateral negotiations, or a combination of these approaches,” they added.

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    3 Responses to “US Dems Now Want To Overhaul Japan’s Insurance Industry”

    1. mike3481

      A Communist’s definition of World Peace is the absence of resistence to a Global Communist Government.

      Is this article describing the second step?

    2. richwill

      The US congress hasn’t had their fill of screwing up economies by totally decimating the US economy, so now they want to screw up Japans. Our congress in totally running amok and we may not last until November. Perhaps we should follow the Russian template of 1917.

    3. 20mth cattle — let’s be honest here, the Japanese are afraid of BSE, the wasting disease. Also remember that the Japanese prefer tender, veal-like fatty beef…many of the older people don’t have teeth. Seriously hard to chew. Lotsa lotsa old people there now.

      I know that sounds nutzo, but I lived there 12+ years and went to school there, I still go back’n'forth for work.

      And their insurance? Come on! What Americans forget is that Demming and McArthur designed their economy…Japan is literally 99% Japanese, homogeneous, and they are going to do anything the Japanese way, even start-ups use consensus there.

      There is no Marlboro Man, but the Marlboro Team is alive and well.

      The same team-concept makes it impossible for them to fix grave business errors quickly or admit fault since it’s spread over so many different orgz. and individuals.

      There is a police box on every corner of the country.

      We used to call it Benevolent Socialism.

      Finally, the Japanese health establishment is going to do everything it can to make it sound like our health care is reckless, dangerous and uncaring. Just like they do on imported rice. Japan holds the record for the longest hospital stays…

      I crashed my motorcycle at an amature race; broke my arm…I was in a hospital bed with a 50’s hand-crank
      height adjuster for 9 weeks. The irony is that the room came with Mickey Mouse ashtrays.

      No way is this going to happen. Highest-Tech-3rd-World-Country on the planet.

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