Picture unrelated - was meant to be Japan kkk
So now we have Japan trying to join in talks for the Trans-Pacific Partnership thingy - an issue which has definitely left its Mr. Noda in a tough spot; receiving both support and protests from his own people. I have been reading much about this TPP every morning during my Asahi scans. It seems that as much as a number the public try to push Mr. Noda in joining the talks - it is apparent that other industries such as agriculture fear that liberalizing its barriers would result in them having to fight for their lives (even though they pretty much are fighting for their lives in their economy's current state). Here we have some the concerns in which other countries like America have on Japan joining the talks; in short they fear that Japan will be asking for more than they are willing to give.
If you were to ask me I think its high time that Japan starts to shift away from its export-minded economy. Domestic consumption (albeit near ZERO interest rate) is still not up to par as other developed countries. Much of the countries' income is based on manufactured-exports, where technically they should be more skewed towards high-income service based exports by now. This is probably one of the reason which I believe why they're still stuck in the same spot for what, the last 20 years? Actually, to be frank I think this might have something to do with their reluctance to adapt and learn this one language; English. Sure they've got the goods to sell, but if you want to sell a service, you'll need to speak a global language (although there has been reports that this might change in the future).
So what now Japan?
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