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Pacific Currents

Pacific Currents is a discussion forum on Asia-Pacific economic issues. We welcome submissions from all stakeholders including academics, researchers, thought-leaders, civil society, business leaders; and other policy experts. Submissions should cover issues related to economic policy and integration in the region. Articles should be written for a general audience and not technical but should have a foundation in objective policy analysis. Articles should also conform with PECC nomenclature - if you are not familiar, the editor will provide you with appropriate guidelines. Acceptance of articles is entirely at the discretion of the Editor. Articles should be in an op-ed format of around 1000 words but longer submissions are also occasionally accepted. Submissions are done in the name of the author and represent their individual opinions and not those of the institutions that they work for. To submit an article, please send in Word format to: info@pecc.org

The TPP Needs Japan

Peter A. Petri
Brandeis University
Senior Fellow at the East-West Center
Member of the US Asia Pacific Council

This article appeared in Nihon Keizai Shimbun, November 8, 2010 (in Japanese)

The intense debate in the Democratic Party of Japan—on whether Japan should join the Trans-Pacific Partnership (TPP) trade negotiations, an initiative spanning nine countries on both sides of the Pacific, including the United States—has far-reaching implications not just for Japan but for the region and the world.

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Japan: To TPP or Not to TPP

Christopher Findlay
University of Adelaide
Vice-Chair AUSPECC

This article is cross-posted from the East Asia Forum website

Japanese politicians are still debating whether Japan should join the Trans-Pacific Partnership (TPP). TPP members are not allowed exclusions. Agriculture is the issue, specifically the domestic political constraints imposed by protection of that sector in Japan. At the same time, the business sector is pushing hard to join.

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APEC Promotes Stability

Senator Daniel Inoye
Chair
U.S. Senate Appropriation Committee

APEC Promotes Stability in the Asia-Pacific

YOKOHAMA, JAPAN (Nov. 12, 2010) – Speaking yesterday at the 2010 Asia-Pacific Economic Cooperation meeting in Yokohama, Japan, U.S. Senate Appropriation Committee Chairman Daniel K. Inouye (D-Hawai‘i) said the meeting comes at a time when “the interdependence among the world’s economies have reached a level never seen before.”

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State of the Region 2010-2011

Yuen Pau Woo
President and CEO
Asia Pacific Foundation of Canada

Coordinator
State of the Region Report
State of the Region 2010-2011

The world economy has been on a roller coaster ride since the collapse of Lehman Brothers in September 2008. A deep plunge in economic output through the greater part of 2009 was followed by a sharp upturn, only to settle now into what can be described as a period of great uncertainty. Recovery in the US and Europe has been spotty, and the risk of another financial crisis remains present. Contrasting policy responses across the Atlantic further complicate the outlook, and underscore the differences among leading nations not only in prognosis but also in the type and degree of international coordination that is needed for sustained recovery.

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