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BOJ's Kuroda: TPP failure would be blow to Japanese and American economies

On Monday, Haruhiko Kuroda, Bank of Japan Governor told that the American as well as Japanese economies would miss out on great benefits if the TPP trade pact, aiming to create one of the world's biggest free-trade zones, were to face a serious fail.

The Trans-Pacific Partnership happens to be a landmark deal and, if signed, it would be a huge positive for the Japanese economy. That’s what reporters have learned from Kuroda’s news conference after a gathering with business leaders in the central Japan city of Nagoya.

If TPP doesn't go through, it simply means what would have been potentially great merits would be inevitably lost, Bank of Japan Governor stressed.

Aside from that Kuroda added that while financial markets appeared to be appreciating the victory of Republican Donald Trump in the American presidential election, he was closely monitoring how his economic policies could impact Japan.


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