Tag: USA

The United States on Friday threw support behind Japan’s draft guideline in privatizing the nation’s postal services, but repeated its request for a “level playing field” between a privatized postal insurance entity and private insurers, Japanese government officials said. During one-day bilateral insurance talks, the U.S. delegation hailed Japan’s adoption of the draft guideline on Aug. 6, saying it marked a “forward-looking step” toward the privatization of Japan’s postal services, the officials said. Japan spent considerable time explaining the latest developments and background to its plan to privatize Japan Post, including the compilation of the guideline, and the U.S. side appeared to gain a deeper understanding of the issue, the officials said. The U.S. officials repeated calls on Japan to apply the same regulations to the life insurance service run by Japan Post as it does to its private-sector competitors, including foreign ones, when it is privatized.