The 34th annual meeting of the Japan-U.S. Business Council will be held in California from July 7 to 9, the Japanese leader of the organization said June 24.

The issues of deregulation, including Japan’s “Big Bang” financial reforms, as well as the recent upward trend in Japan’s trade surplus are likely to top the list of discussions among business leaders of the two nations, according to Yotoaro Kobayashi, chairman of Fuji Xerox Co. and head of the council. The meeting will be chaired by Kobayashi and Michael Jordan, chairman and CEO of Westinghouse Electric Corp.

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