• Kyodo


A U.S. insurance industry group said Wednesday Japan’s state-run “kampo” life insurance business violates World Trade Organization rules and urged the U.S. government to try to end what it calls Japan’s preferential treatment of the business.

“We have no alternative but to push for remedies as provided for under GATS (General Agreement on Trade in Services), unless we receive some positive feedback from the agencies responsible for kampo,” Gary Hughes, vice president and general counsel of the American Council of Life Insurers, said in a statement.

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