Oct 7, 2015
JPY: Japanese economy on cloud nine if TPP comes in force – Nomura
Research Team at Nomura, suggest that negotiations over the Trans-Pacific Partnership resulted in a historic agreement on 5 October and successful negotiations for the TPP, which aims to open markets in a range of areas and unify rules for member countries that represent some 40% of the global economy, are likely to be viewed as a key outcome for the strong commitment to growth strategies by the administration of Prime Minister Shinzo Abe. The opening up of domestic and foreign markets and unification of rules will likely have a major bearing on Japan’s economy.
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