After Securing Exceptions, Japan Hopes to Benefit From TPP

After Securing Exceptions, Japan Hopes to Benefit From TPP
A protester holds a placard during a rally against the Trans-Pacific Partnership, Tokyo, Japan, Apr. 22, 2014 (AP photo by Shizuo Kambayashi).

Editor’s note: This article is part of an ongoing WPR series on the Trans-Pacific Partnership and the potential impact on members’ economies.

After strong earthquakes in northern Japan over the weekend, the Diet, Japan’s parliament, decided to delay ratification of the Trans-Pacific Partnership (TPP) in order to focus on disaster relief and recovery. In an email interview, Yorizumi Watanabe, a professor in the faculty of policy management at Keio University, discussed the benefits and drawbacks of TPP membership for Japan.

WPR: What are the expected economic benefits and potential downsides for Japan from the TPP, and who are the expected “winners” and “losers”?

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