by
Takashi Terada
On November 11, 2011, the day before the United States hosted the Asia Pacific Economic Cooperation Leaders’ Summit in Honolulu, Prime Minister Yoshihiko Noda announced that Japan would “enter into consultations toward participating in the Trans-Pacific Partnership.” With Japan’s economy twice the size of the eight countries currently participating in TPP negotiations with the United States, Japan’s potential entry is important for the pact’s emergence as the preeminent trade agreement in the Asia Pacific. TPP, moreover, has developed into the most important issue on the U.S. trade agenda and is vitally linked to Washington’s new “rebalancing” strategy toward the Asia Pacific. Japan’s decision on TPP likely will also be viewed as an indication of the direction the country chooses to take economically in coming years. To examine the economic, political and strategic implications of Japan’s potential entry into TPP, the Sasakawa Peace Foundation USA, in cooperation with the Brookings Institution, convened a half-day conference on December 2, 2011. The commentary attached builds on the results of that conference. View Article
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