CIS Microfiche Library 1970-2002 (CIS Asia Pacific Collection)

 CIS NO: 87-S251-3
 TITLE: U.S. Access to Japanese Financial Markets.
 SOURCE: Committee on the Budget. Senate
 DOC TYPE: Hearing                   COLLATION: iii+108 p.
 DATE: May 6, 1987
 CONGRESS-SESSION: 100-1             SUDOC: Y4.B85/2:S.hrg.100-91
 ITEM NO: 1035-A-1; 1035-A-2         PUB NO: S.Hrg.100-91
 LC CARD NO: 87-602046               MC ENTRY NO: 87-17466

 Hearing to consider U.S. firms access to Japanese financial markets and
 financial services trade.
 CONTENT NOTATION: Japanese financial mkts, US firms access
 DESCRIPTORS (and special content notations): JAPAN (Financial mkts in
     Japan, US firms access); FOREIGN.TRADE; INTERNATIONAL.FINANCE;
     FINANCIAL INSTITUTIONS
 LEGISLATIVE HISTORY OF: P.L.100-418

 87-S251-3 TESTIMONY NO: 1          May 6, 1987 p. 2-70
 WITNESSES (and witness notations):
     CORRIGAN, E. GERALD (pres, Fed Reserve Bank of New York)
 STATEMENT AND DISCUSSION: Causes of U.S.-Japan current account and trade
     imbalances; impact of globalized markets on financial services trade;
     differences between U.S. and Japanese policies regarding market access
     for foreign financial firms; suggested areas for Japanese liberalization
     of financial markets.
       Overview of Japanese limitations on operations of foreign financial
     firms, including securities market restrictions; comparison of
     international services in world financial centers, focusing on NYC,
     London, and Tokyo (related tables, p. 42-49).
 CONTENT NOTATION: Japanese financial mkts, US firms access
 DESCRIPTORS (and special content notations): FEDERAL RESERVE BANK OF NEW
     YORK; BALANCE OF PAYMENTS; BALANCE OF TRADE; FOREIGN.DEBTS;
     SECURITIES; NEW YORK CITY (Intl financial centers, comparison of
     services); LONDON, ENGLAND (Intl financial centers, comparison of
     services); TOKYO, JAPAN (Intl financial centers, comparison of
     services); FINANCIAL REGULATION

 87-S251-3 TESTIMONY NO: 2          May 6, 1987 p. 70-108
 WITNESSES (and witness notations):
     BINNEY, ROBERT H. (sr vp, Chase Manhattan Bank)
     SCHUMER, CHARLES E. (Rep, D-NY)
 STATEMENTS AND DISCUSSION: Difficulty of Japanese market entry for U.S.
     banks; enumeration of Japanese Government barriers to foreign financial
     institutions (correspondence, p. 101-106); assessment of Japanese trade
     liberalization efforts, with identification of areas for improvement.
 CONTENT NOTATION: Japanese financial mkts, US firms access
 DESCRIPTORS: BANKS AND BANKING; CHASE MANHATTAN CORP.