TALKING TRADE: U.S. Trade Representative Michael Froman urged Japan to open its market to American cars and insurance companies, which would pave the way for a broader regional free trade agreement.
CARS AND INSURANCE?: Imported vehicles make up only a tiny fraction of the Japanese market, compared with nearly half of the U.S. auto market. The U.S. also believes that Japanese government-backed insurance services run by the post office have an advantage over private and foreign companies.
THE BACKGROUND: Japan joined the Trans-Pacific Partnership negotiations involving 12 countries on July 23, aimed at achieving regional free trade.