Toward a More Open Japan? TPP, RCEP, and Abenomics
Glen S. Fukushima (panelist)- Senior Fellow, Center for American Progress; Former President, American Chamber of Commerce in Japan and Former Deputy Assistant U.S. Trade Representative for Japan and China
Hideichi Okada (panelist)- The Sasakawa Peace Fellow, Shorenstein APARC at Stanford University
Phillip Lipscy (panelist)- The Thomas Rohlen Center Fellow, FSI and Assistant Professor, Department of Political Science at Stanford University
Takeo Hoshi (moderator)- Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at FSI; Professor, by courtesy, of Finance, Graduate School of Business and Director, Japan Studies Program, Shorenstein APARC at Stanford University Prime Minister Abe's economic policy, ca
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Prime Minister Abe's economic policy, called Abenomics, places policies to open up Japan as a key component. The government argues that reducing the barriers for international trade and capital flows will revitalize the Japanese economy and restore the growth in Japan. At the core of the opening up policy are efforts to establish free trade agreements (FTAs) with major trading partners. Japan joined the negotiation for TPP (Trans-Pacific Partnership), which includes the U.S., Japan's second largest trading partner, in July this year. Japan has also started negotiation for RCEP (Regional Comprehensive Economic Partnership), which includes China, Japan's largest trading partner. Will these efforts really succeed in making the Japanese economy more open? Do they lead to the recovery of Japan from two decades of stagnation? Experts from both sides of the Pacific discuss these issues.