US • Japan Business Council

BACKGROUND ON THE USJBC

The U.S.-Japan Business Council (USJBC) is a Washington, D.C.-based business association whose mission is to support U.S. business interests in Japan and promote stronger economic ties between the United States and Japan.  USJBC member companies collectively account for a substantial share of overall U.S. economic activity with Japan, and place high priorities on doing business in Japan and helping forge the most cooperative and mutually beneficial economic relationship possible between the two countries.

What’s New:

U.S. – Japan Ties at a Critical Juncture

 

The 54th U.S.-Japan Business Conference took place on November 2-3, 2017, bringing together business and government leaders from both countries to discuss issues of mutual interest such as trade, economic, and security policies.

The conference was led by U.S.-Japan Business Council Chairman and Cisco Chief Executive Officer Chuck Robbins (pictured left) and his counterpart from Japan, Japan-U.S. Business Council Chairman and Counsellor of Tokio Marine& Nichido Fire Insurance Company, Kunio Ishihara.

On the first day, conference members received an overview of political and economic issues from U.S. and Japanese experts, followed by discussions on how to increase collaboration in trade and investment, workforce productivity and integration of both nations’ advancing digital economies.

The conference included a number of keynote speakers who lent their experience and expertise to make discussions informative, relevant and productive for all participants.  Speakers included Mr. Kevin Hassett, Chairman of the President’s Council of Economic Advisors; Mr. Kazuhiro Suzuki, Minister for Economic Affairs, Embassy of Japan; Mr. Sadayuki Sakakibara, Chairman of Japan’s KEIDANREN; His Excellency Tim Groser, New Zealand’s Ambassador to the United States; and the Honorable Joaquin Castro, U.S. House of Representatives and Co-chair for the U.S.-Japan Congressional Caucus.

 

Industry Working Groups

On the second day of the conference, members broke into smaller groups do discuss industry-specific issues in health care, financial services, energy and travel/tourism/transportation.

 

 

 

  • Energy:  Business and government officials from the U.S. and Japan discussed both countries’ shared energy security concerns, policy priorities in the Asia-Pacific region, and trade and investment opportunities in fossil, low-emission and renewable energy sources. Of note, Japanese energy-mix goals for 2030 hope to leverage abundant U.S. shale gas and LNG resources, though a bottleneck in permit approval for additional U.S. LNG export hub and pipeline projects is a key constraint.  Members also discussed opportunities to cooperate on improving Japan’s nuclear power generation infrastructure, and the importance for both governments to renew the Agreement for Peaceful Nuclear Cooperation. Click here for the Joint Statement on EnergyFor the Japanese version, click here. 

 

  • Travel, Tourism, and Transportation (TTT) Business leaders discussed Japan’s goal of drawing 40 million international visitors to Japan by 2020.  In order to accomplish this target, Japan must further enhance tourism resources and expand infrastructure improvements throughout Japan.  Such improvements are necessary to attract travelers from Europe, Australia, the United States, and higher-income markets.  Looking beyond tourism, growth in international cargo transportation provides another opportunity to positively contribute to the U.S. and Japanese economies.  Click here for the Joint Statement on TTTFor the Japanese version, click here. 

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April 18, 2017: The U.S. – Japan Business Council (USJBC) released an update to the 2013 and 2015 Pacific Partner paper entitled:  Japan’s Economic Importance to the United States. The report provides an assessment of Japan’s importance to the U.S. economy and measures the economic contribution of Japanese firms in the U.S. This snapshot provides clear and compelling evidence of the significant contribution Japanese companies make to the U.S. economy.  The 2017 Report can be found by clicking HERE.

 

November 4, 2016:  USJBC Releases Joint Statement from the 53rd U.S.-Japan Business Conference

USJBC and JUBC Issued an Executive Summary on Healthcare Innovation at the 53rd Japan-U.S. Business Conference

USJBC and JUBC Issued a Summary on Financial Services at the 53rd Japan-U.S. Business Conference

USJBC and JUBC Issued a Summary on Energy at the 53rd Japan-U.S. Business Conference

USJBC and JUBC Issued a Summary on Travel and Tourism at the 53rd Japan-U.S. Business Conference

July 8, 2016:  USJBC-JUBC Joint Statement on TiSA – July 2016

March 29, 2016 – The U.S.-Japan Business Council Releases 2016 Policy Statement:
Re-Centering Abenomics: New Structural and Regulatory Reforms  Remain Vital for Economic Growth

 

Japanese  translation

 

52nd U.S.-Japan Business Conference (December 3-4, 2015)

Washington, DC, USA - December 3, 2015: 54th Annual U.S.-Japan Business Conference. Photo by Ian Wagreich / © U.S. Chamber of Commerce
USJBC Chairman John C. Lechleiter speaks at the 52nd U.S.-Japan Business Conference on December 3, 2015.  USJBC President Jim Fatheree is on his left.

Policy Statement -USJBC FINAL 3-28-16

December 4, 2015 – USJBC Releases Joint Statement from the 52nd U.S.-Japan Business Conference.

July 2015 – The U.S. – Japan Business Council (USJBC) released an update to the 2012 Pacifc Partner paper entitled:  Pacific Partners 2015  Japan’s Economic Importance to the United States. The report provides an assessment of Japan’s importance to the U.S. economy and measures the economic contribution of Japanese firms in the U.S. This snapshot provides clear and compelling evidence of the significant contribution Japanese companies make to the U.S. economy.

May 8, 2015 –  Third Arrow Report Press Release: The U.S.-Japan Business Council Urges Third Arrow Action to Spur Growth in Japan-TPP, Structural Change a Springboard for New Growth and Stronger Ties – 

Third Arrow Report Press Release-Japanese Translation

2015 Policy Statement – English

2015 Policy Statement – Japanese

 

April 29, 2015 –  The USJBC and the U.S. Chamber of Commerce hosted H.E. Shinzo Abe for a Business Roundtable Event.

Washington, DC, USA - April 29, 2015: Prime Minister of Japan, Shinzo Abe, with Tom Donohue, Myron Brilliant and U.S. Trade Representative Amb. Michael Froman. Photo by Ian Wagreich / © U.S. Chamber of Commerce
The U.S. -Japan Business Council and the U.S. Chamber of Commerce hosted H.E. Shinzo Abe, Prime Minister of Japan on April 29. (Starting from the right, Prime Minister Abe, Tom Donohue, USCC President and CEO, Myron Brilliant, Executive Vice President and Head of International Affairs, and Tami Overby, Senior Vice President for Asia).

 

 

April 6, 2015 The U.S.-Japan Business Council (USJBC) and Japan-U.S. Business Council (JUBC) support Japan’s bid to host a permanent secretariat for the International Forum of Independent Audit Regulators (IFIAR).

IFIAR Joint Statement

 

51st U.S.-Japan Business Conference (November 13-14, 2014)0717

Deputy Prime Minister Taro Aso delivers keynote speech

November 14 – USJBC Releases Joint Statement from 51st U.S.-Japan Business Conference.

Japanese Translation
July 16 – USJBC Issues Statement in Support of Japan’s Revised Growth Strategy

July 7 – USJBC Issues Statement on Japan and TPP

June 10 – USJBC Issues Statement on Annual Price Revisions on Pharmaceuticals and Medical Devices

Japanese Translation

May 16 – U.S.-Japan Business Council (USJBC) Released: Sure Shot:  How Abenomics’ Third Arrow Can Hit a National Strategic Bullseye for Japan

Japanese Translation

April 21 – USJBC, U.S. Chamber, Keidanren and JUBC Joint Statement on TPP

Japanese Translation

USJBC Highlights:

USJBC Celebrates 50th Anniversary
November 14-15, 2013

U
H.E. Kenichiro Sasae delivers keynote speech at the 50th U.S.-Japan Business Conference.

 

U
U.S. Trade Representative Michael Froman briefs USJBC members during Plenary Session of the 50th U.S.-Japan Business Conference.

November 15 – The U.S. – Japan Business Council Releases Joint Statement from 50th U.S.-Japan Business Conference.

November 14 – Secretary of State John Kerry’s Remarks at the U.S.-Japan Business Conference’s Gala Dinner.

November 14 – Senator Max Baucus’s Speech at the U.S.-Japan Business Conference.

June 26 The U.S. – Japan Business Council (USJBC) released Pacific Partners Japan’s Economic Importance to the U.S. The report provides an assessment of Japan’s importance to the U.S. economy and measures the economic contribution of Japanese firms in the U.S. This snapshot provides clear and compelling evidence of the significant contribution Japanese companies make to the U.S. economy.

June 9 – U.S.-Japan Business Council’s Public Comments to USTR Regarding Japan’s Participation in TPP.

May 16 – U.S.-Japan Business Council released Japan’s Entry Into TPP: Historic Opportunity To Strengthen U.S.-Japan Relations and Regional Cooperation.

April 12 – U.S.-Japan Business Council Welcomes Successful Conclusion of U.S.-Japan Consultations on Japan’s Entry into TPP Negotiations; USJBC Chairman Charles Lake Calls this an ‘Historic Opportunity’.

TPP_USJBC Statement on US-Japan Consultations_4-12-13

See Japanese Translation of Press Release

Mar 15 – U.S.-Japan Business Council Welcomes Japan’s Decision to Formally Seek Entry into TPP Negotiations; Urges Successful Conclusion of U.S.-Japan Pre-Consultations
USJBC Chairman Lake Calls Japan’s Participation a ‘Game Changer’ for TPP

See Japanese Translation of Press Release