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The United States and Japan concluded the Treaty of Friendship, Commerce and Navigation,1 (FCN Treaty) to regulate the day-ta-day relationship between private parties within the two countries.2 In general, the FCN Treaty permits citizens and companies of either country to conduct business within the other country just as that country's own citizens and companies could.3 Companies of either party are permitted to engage in a wide variety of enterprises on a reciprocal basis and to organize those enterprises as either branches or subsidiaries.4 The FCN Treaty thus grants Japanese companies broad rights when operating within the United States.1. Apr. 2, 1953, United States-jiipan, 4 U.S.T. 2063, T .I.A.S. No. 2863 [hereinafter cited as japanese FCN Treatyj.2. Walker, Modern Treaties of FriendshiP, Commerce and Navigatilm, 42 MINN.L. REv.805, 805 (1958).The United States has concluded Friendship, Commerce, and Navigation (FCN) Treaties of a similar type with the following countries: Kingdom of Belgium, Feb.
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