William Pesek writes: The Trans-Pacific Partnership trade deal, which has stalled because Japan has been unwilling to open up its auto and agricultural setors, now has a chance to be passed. Devaluation of the yen will probably not be welcomed by the Republic Congress.
Going easy on agriculture will not please Republicans. This will put Abe in the hot seat with certain constituencies and make his life difficult as he tries to loosen labor markets, get more women in the workforce and strengthen Japan’s corporate governance.
Will the Prime Minister’s own party which is financed by agriculture go along wtih a comprehensive trade pact?