TOKYO (Reuters) - Prime Minister Shinzo Abe announced on Friday that Tokyo will seek to join talks on a U.S.-led Pacific free trade pact which proponents say will tap vibrant regional growth, open Japan to tough competition and boost momentum for reforms needed to revive the long-stagnant economy.
The decision to seek to join talks on the Trans-Pacific Partnership (TPP) launches the "third arrow" in Abe's policy triad following the fiscal pump priming and hyper-easy monetary measures he has pushed since returning to office in December after his Liberal Democratic Party's (LDP) big election win.
"Abenomics" has been playing to rave reviews in the Tokyo stock market and with voters, around 70 percent of whom support the prime minister.
Business executives and economists say the real test, though, will be whether Abe buckles down to more controversial reforms such as deregulation, which can hurt vested interests.
Negotiators from the United States, Canada, Mexico, Australia, New Zealand, Chile, Peru, Vietnam, Malaysia, Brunei and Singapore are pushing to strike a deal by the end of the year.
(Reporting by Kaori Kaneko and Linda Sieg; Editing by Kim Coghill)
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読売新聞 3月15日(金)18時6分配信
安倍首相は15日午後6時から記者会見し、「本日、TPP環太平洋経済連携協定の交渉に参加する決断をした」と語り、TPP交渉参加を正式表明した。
安倍首相は「日本だけ内向きになったのでは成長する可能性はない。TPPはアジア太平洋の未来の繁栄を約束する枠組みだ」、「全ての関税をゼロとした場合でも、我が国経済全体としてプラスの効果がある」などと語った。
安倍首相はまた、TPPに参加することで日本の農業が崩壊するのではないかとの指摘に対し、「(農家の)不安や懸念を心に刻み、交渉に臨む」と述べた。

Farmers stage a protest march during an anti-TPP (Trans-Pacific Partnership) rally in Tokyo, on April 25, 2012. Similar rallies were held this week, as the farmers continue their battle against the "free trade" agreement. (Photo: AFP)Farmers from across Japan staged a protest in Tokyo on Tuesday over signs that the Japanese government will soon sign on to join negotiations for the Trans-Pacific Partnership "free-trade" agreement with the U.S. and other nations.
Saying the TPP will only result in “a drastic agreement that will change the way the nation deals with food,” the farmers urged Japan's leaders not to back the deal or join the talks.
Roughly four thousand people joined Japan's Central Union of Agricultural Cooperatives (Ja-Zenchu) and other groups linked to the farm and fish industries to express opposition to a deal they say will compromise the integrity of their livelihoods.
Akira Banzai, head of JA-Zenchu, said at the rally that both "anxiety and anger" is "spreading around us because we have not received a sufficient explanation from the government,” as to what the TPP will entail for the food industry of Japan.
The Japan Daily Press reports:
According to the head of the union Akira Banzai, joining the talks will forever change the way the nation deals with food and the industries around it, as well as threaten its safety because participation in the TPP will remove tariffs on the industry. Cheap imports will also come in to the country, endangering the country’s agricultural sector.
Protesters at the rally called on Prime Minister Shinzo Abe and the Liberal Democratic Party to make good on its campaign promises to boycott the talks, despite pressure from the U.S.
According to Japanese media, Prime Minister Abe is expected to announce that Japan will participate in the negotiations at a news conference on Friday. After making the announcement, however, Japan would still have to go through a lengthy approval process before officially joining talks in early June.
In order to enter the TPP negotiations, Japan will have to seek endorsement from the United States, Australia and New Zealand, which will likely require the nation to forgo any pre-conditions—such as exemption from food tariff protections.
Mainichi reports:
Japan will unlikely enter into negotiations before June because the United States requires at least 90 days to secure congressional approval even if the administration endorses Japan's participation.
In Singapore, where the talks on the Trans-Pacific Partnership are held, participating countries shared the view that they should request Japan strictly adhere to what has been agreed on in the rounds of negotiations that have been held so far, according to the source close to the negotiations.
The source said Japan's participation was formally discussed at the meeting and some countries expressed concern that Japan has sounded out to some of the 11 participating countries if rice and other items may be exempted from tariff elimination.
The source said views were expressed at the meeting that Japan should enter into talks without setting preconditions.
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