Forex Flash: Abe announces formal Japanese intention to enter TPP talks - OCBC Bank

OCBC Bank Treasury Analysts note that Japanese Prime Minister Abe has formally announced Japan’s intention to join TPP talks, indicating that the TPP will spur more growth in Japan.

They write, “He also suggested that the economy is steadily recovering while vowing to protect Japan’s agricultural sector. Proponents of the talks cheered the announcement, amid anticipation that PM Abe will push for new reforms and deregulation of various sectors.”