TPP as a Crucial Piece of Abenomics, featuring Dr. Fukunari Kimura
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Learn about TPP as an essential piece for the third arrow of Abenomics. The most significant economic effect will come from presenting a benchmark of a novel economic order for a new type of international division of labor called international production networks or the second unbundling, which has been developed in East Asia and Asia-Pacific by Japanese firms and others. TPP will show the level of standard for goods, services, and investment liberalization and at the same time set up a starting point of rule making in government procurement, intellectual property rights protection, competition, dispute settlements, and others. Although direct effects of TPP on the Japanese domestic economy seem to be limited, TPP may work as a catalyst for initiating necessary reforms, for example, in agriculture. The presenter is Dr. Fukunari Kimura, a professor in the Faculty of Economics at Keio University in Tokyo since 2000 and Chief Economist at the Economic Research Institute for ASEAN and east Asia (ERIA) since 2008.