Number: RS20335 Title: JAPAN'S LANDMARK FINANCIAL DEREGULATION: WHAT IT MEANS FOR THE UNITED STATES Authors: Dick K. Nanto, Foreign Affairs, Defense, and Trade Division Abstract: Major financial deregulation is underway in Japan that could have far-reaching implications for U.S.-Japan economic relations. The process accelerated since the so-called "Big Bang" announcement by former Prime Minister Hashimoto in November 1996 calling for the realignment of Japan's financial markets to make them comparable to those of Europe and the United States. Pages: 6 Date: Updated June 15, 2000