June 21, 1995
TO: INTERNATIONAL COMMITTEE No. 13-95
RE: IMPLEMENTATION OF U.S.-JAPAN AGREEMENT
______________________________________________________________________________
As we have previously informed you, the government of Japan has taken a number of steps to
implement the changes called for in the U.S. - Japan Financial Services Agreement announced in
January, 1995. See, e.g., Memorandum to International Members No. 4-95 and Investment Adviser
Members No. 14-95, dated March 15, 1995.
Attached is a schedule prepared by the U.S. Treasury Department describing the progress that
has been made in implementing the various provisions of the Agreement. The schedule lists the
commitments made by Japan, the implementation timetable, if any, specified in the Agreement, and the
progress made in implementing the commitments as of June 1, 1995. (A key to the abbreviations used in
the Treasury schedule appears on the last page.)
We will keep you informed of developments.
Mary S. Podesta
Associate Counsel - International
Attachment