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The following article was published in our article directory on November 23, 2010.
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Japan According to Their Own Interests Decide Whether to Join the TPP

Article Category: Business

Author Name: Amanda xzh

Recently, the Japanese government caught between the two countries with diplomatic relations between China and Russia predicament. In the just-concluded APEC meeting, the Japanese currency and thus deliberately downplayed the dispute. President Barack Obama in the U.S. and Japanese Prime Minister Naoto Kan of the speech, not related to monetary policy. Meanwhile, Naoto Kan's speech was released from a strong signal - join the United States has been promoting the "Pan-Pacific Strategic Economic Partnership Agreement" (TPP).

U.S. policy of quantitative easing to Japan caused any effect? On a country's macroeconomic policies impact on Japan, which may have some impact on the Japanese economy, but is concerned that the introduction of economic strategy to deal with the current economic situation, while trying to integration of our economic policy, as G20 or APEC as reached. So, for all of us try to find a better economic development strategy.

Japan would like to partner with a G20 and APEC to seek economic growth. Cooperation is very important. Each country has its own national conditions, should take into account this situation. So, do not want to specifically comment on the U.S. financial policy. However, Japan believes that to address global economic imbalances is very important, long-term sustainable development should be a way to promote the global economy.

APEC meeting to discuss growth strategy, which is very important to overcome the financial crisis in Japan. Japan wants to strengthen domestic demand, which may be long-term solution to the global economic imbalances. Japan wants to further promote the liberalization of global trade and investment so that we can make trade more global, and ultimately gain a more dynamic economy. For Japan, the urgent need to address the economic recession, deflation and unemployment, these are the real challenges facing Japan.

Naoto Kan, the Prime Minister and the president's remarks did not include the quantitative easing monetary policy, or even no mention of the Doha Round, but only referred to the TPP, Naoto Kan, the Prime Minister has been talking about trade protectionism in Seoul, the topic discussed. Naoto Kan, the Prime Minister in view, to promote the Doha Round of free trade agreements or negotiations are the main issues. On the quantitative easing monetary policy, he also mentioned currency fluctuations over time, it is not right, Japan has discussed these topics.

The three leaders for talks, suggested that the relationship between Japan and the United States there have been some trouble, so try to please the United States, joined TPP, TPP United States is not currently a member, it is only just joined the negotiations on TPP. Currently hot in Japan, if Japan does not join such an agreement, it would have a lethal effect on the Japanese economy. We made this decision or not, will be based on consideration of the interests of Japan, but we also estimated that the interests of international parties, to see whether the interests of the members of APEC.

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