Apr 16, 2014

TPP talks with U.S. forge on

With U.S. President Barack Obama’s visit to Tokyo approaching, Japanese and U.S. trade chiefs are set to face off again in Washington as they strive to break a deadlock in talks on a massive free trade zone in the Pacific region. Trade observers say ...

TPP more ambitious than Japan-Australia deal: U.S. trade chief

Apr 8, 2014

TPP more ambitious than Japan-Australia deal: U.S. trade chief

The U.S. trade chief said Tuesday that the Trans-Pacific Partnership initiative aims at a higher level of trade liberalization than the accord reached by Japan and Australia, playing down the impact of the bilateral agreement on the broader TPP negotiations. “I don’t think it ...

Apr 4, 2014

Amari, Froman arranging to meet over TPP

Akira Amari, minister in charge of the Trans-Pacific Partnership talks, said Friday he may meet with U.S. Trade Representative Michael Froman if the two countries can make progress on settling their differences over tariff issues during working-level negotiations next week. While Amari did not ...

Singapore TPP talks fail to reach a deal

Feb 25, 2014

Singapore TPP talks fail to reach a deal

by Siti Rahil and Kayo Mimizuka

Ministers from 12 Pacific-Rim countries failed Tuesday to achieve the goal of reaching a broad agreement on an envisioned regional free trade deal due to remaining gulfs over such key outstanding issues as tariff elimination. After wrapping up their four-day meeting in Singapore, the ...

Feb 14, 2014

Only 10% eyed for welfare

The April consumption tax hike to 8 percent is expected to bring in an additional ¥5 trillion in tax revenue in fiscal 2014, but the government can use only ¥500 billion to improve social welfare. Japan will spend all ¥5 trillion in extra revenue ...

Feb 13, 2014

Sales tax hike to 10% may be delayed if economy stalls: minister

The government will postpone the planned sales tax hike to 10 percent from 8 percent in October 2015 if the economy faces a downturn, economic and fiscal policy minister Akira Amari suggested Thursday. “If the economy stalls, it would be difficult to decide” to ...

Feb 2, 2014

Tariff disagreement with U.S. stands in way of TPP

Japan and the United States remain apart over tariff reductions as the 12 member countries of the pending Trans-Pacific Partnership pact prepare for a crucial ministerial meeting later this month. The meeting is crucial to whether the 12 will be able to conclude the ...

Jan 12, 2014

New round of stimulus to cushion second tax hike in 2015: Amari

Another round of economic stimulus replete with lush fiscal spending will be set up when the government decides to complete the doubling of the consumption tax to 10 percent in 2015, economic and fiscal policy minister Akira Amari confirmed Sunday. Amari said the decision ...

Hurdles remain in final mile of TPP talks

Dec 8, 2013

Hurdles remain in final mile of TPP talks

Japan and the United States still need to bridge gaps on controversial issues in the ongoing Trans-Pacific Partnership free trade talks, a Japanese senior vice minister said after meeting with the U.S. trade representative on Sunday. On the sidelines of the 12-country TPP meeting ...

Dec 6, 2013

TPP crunchtime talks may find deal elusive

As the proposed deadline for sealing a deal by year’s end looms, ministers from 12 countries in the Trans-Pacific Partnership free trade talks are tasked with making tough political decisions as they meet in Singapore from Saturday, with hard negotiations on outstanding issues lying ...