Japan’s expression of
interest in joining the Trans-Pacific Partnership Trade Agreement
has created a lobbying opportunity for the American Council of Life
Insurers (ACLI).

Using the membership
application as a platform, the ACLI has called on the US government
to use it as an opportunity to put pressure on Japan’s government
to introduce reforms in the country’s life industry.

The ACLI’s specific target
for reform is Japan Post Insurance (JPI), which, through its
holding company Japan Post Holdings, is wholly-owned by the
Japanese government.

The ACLI stresses that JPI
currently enjoys “government-bestowed privileges which distort
competition”. JPI ranks as the world’s largest life

The ACLI wants the US
government to seek an agreement with the Government of Japan that
would, among other things, “provide for no new or modified product
offerings by JPI until equivalent conditions of competition have
been established”.

This view, notes the ACLI, is
shared by Japanese private insurers and by Japan’s other major
trading partners.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

JPI was heading for
privatisation under the Postal privatisation Law. However, the
privatisation process was halted in 2009 with no indication if or
when it will resume.