When Japan joined a dozen other Asia-Pacific countries in talks to form an ultraliberal regional trade zone earlier this year, Shinzo Abe, the prime minister, described the move as a crucial step toward reinvigorating the Japanese economy.
The Trans-Pacific Partnership, he said, would boost growth by improving access to foreign markets for Japanese manufacturers and forcing coddled local industries to become more competitive. In an interview with the Financial Times this month, he reiterated that joining TPP would be “in Japan’s national interest”.
But Toshio Yamada is not buying it.
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