January 28, 2006

Japan must open markets more for foreign firms: Kimmitt

DAVOS, Switzerland, Jan 28 - Japan needs more work on
opening up its domestic markets for foreign firms, U.S. Deputy
Treasury Secretary Robert Kimmitt said on Saturday.

"A considerable progress has been made but there are still
opportunities in front of us," he told a panel discussion at
the World Economic Forum in Davos.

"Things are going better for companies already in Japan but
I think we still need to work on creating opportunities for new
companies to come into Japanese markets," he said.

"Particularly looking at postal savings we want to create a
level of playing field for Japanese and foreigners looking to
come into Japan and give equal opportunities."