TPP Trade Deal Benefits Japan, Says Soc Gen, But More Needed to Grow Economy

The Trans Pacific Partnership (TPP) trade deal will be a significant boon to the Japanese, research from Societe General says, with a particular benefit to the island nation’s export industry. The boost to Japan from a trade deal comes at a needed time, as “Abenomics,” the quantitative easing-driven program driving economic success, is facing a “rocky road” ahead. With Japan’s economy potentially at a stalling point, TPP is good opportunity “to strengthen Japan’s industries” Since the 2013 launch of Japan’s easy money policy Abenomics, named after Japanese Prime Minister Shinzu Abe, “we have seen a firm and continuous expansion of…