Japan's Leader Turns Trade Focus to China, South Korea
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#1 May 12, 2012
Finally Japan can no longer deny the rise of China and the complete and utter hopelessness of the West.
BY YUKA HAYASHI AND TOKO SEKIGUCHI
TOKYO—Japan's prime minister pledged Saturday to accelerate efforts to form a free-trade agreement with China and South Korea, an ambitious pact that could create an integrated trade zone rivaling in size the North American Free Trade Agreement and the European Union.
As Japan increases its reliance on rapidly expanding demand in China and other Asian neighbors to fuel its own sluggish economy, Tokyo is trying to avoid getting left behind the waves of trade liberalization sweeping the region. Japan wants to start formal negotiations on the trilateral pact, known as an FTA,"as soon as possible," and will urge the other ...
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