RealTime Economic Issues Watch
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RealTime Economic Issues Watch

In RealTime posts, PIIE senior staff and colleagues discuss the fast-moving economic news, financial developments, and public policy choices confronting the United States and the world.

Author Archive: Peter A. Petri

Japan’s ‘Third Arrow’: Why Joining the TPP is a Game Changer

by Peter A. Petri | March 15th, 2013 | 12:03 pm

Prime Minister Shinzo Abe’s announcement on March 15 that Japan will seek membership in the Trans-Pacific Partnership (TPP) brings the negotiations a step closer to a large, 12-member trade agreement connecting countries that account for 38 percent of world GDP. To be sure, much work lies ahead before Japan fully participates: bilateral discussions with TPP [...]

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