It's our view that the principle of national treatment under the GATS obligations is being infringed by the existence of these advantages to Japan Post.
We have participated in a coalition with other international insurance associations and trade groups for a number of years now, since the privatization plan for Japan Post has stalled, to advocate towards the Japanese government to continue with its undertakings to privatize the company by 2017. With the passage of this legislation this year, we see this as a serious setback. If it's acted upon, it is really going backwards on the obligations that Japan has under its trade agreements.