On March 15, Prime Minister Shinzo Abe officially announced Japan’s participation in Trans-Pacific Partnership (TPP) free-trade negotiations. Japan’s decision to join the talks shows that at least some in government have accepted the fact that “opening up” Japan is in the nation’s best long-term interests.
“If Japan does not participate in the negotiations,” warns the draft proposal compiled by the ruling Liberal Democratic Party’s committee on TPP issues, “it will be unable to take advantage of growth in the Asia-Pacific region.” In this sense, Japan’s participation in the TPP is very much a litmus test of its commitment to globalization.
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