Market Access Concerns of U.S. Financial Institutions in Japan
NSIAD-88-108BR: Published: Mar 1, 1988. Publicly Released: Mar 1, 1988.
- Full Report:
Pursuant to a congressional request, GAO: (1) assessed the competitive environment of the Japanese financial markets; and (2) examined barriers affecting the operations of foreign firms in these markets.
GAO found that U.S. and other foreign financial institutions believe that, although they generally have equal opportunities to compete in some areas of the Japanese financial markets, they still find barriers to competition and lack access to certain market sectors. GAO also found that Japan has taken several steps to address these concerns, including: (1) expanding the membership of the Tokyo Stock Exchange; (2) increasing foreign firms' share of 10-year government bond issues; and (3) introducing higher capital standards for Japanese banks.