Japan expects USA to get back to TPP

Japan expects USA to get back to TPP

Japan generally appreciates an upbeat stance by America toward an Asia-Pacific trade pact, although Tokyo indicated that changing the agreement at this point might appear to be extremely difficult.

Kazuyoshi Umemoto, Japan's chief negotiator for the Trans-Pacific Partnership informed Reuters that a pact among the remaining 11 members, set to be signed in March, might have influenced the United States.

On Tuesday, Umemoto told that Tokyo has been working hard, mainly motivated by expectations that America would get back to the trade agreement in the nearer future. Japan welcomes Washington getting positive as for the TPP.       

Japan took the lead in working on the updated trade pact right after Donald Trump pulled America out of an earlier 12-nation variant in 2017, telling that he was eager to opt for one-on-one deals, which would be more beneficial to his country.

In January, 11 nations had the pact finalized and they’re supposed to sign this stuff on March 8, in Chile.

The previous month, in Switzerland Trump informed the World Economic Forum that it was real for America to get back to the agreement if it got a more attractive deal.

Umemoto told that it probably appeared to be high profile that they reached the pact among the 11 participants as it took place right before the Davos gathering. He added that it would have a definite impact.  

The final version of the updated pact, currently dubbed Comprehensive and Progressive Agreement For Trans-Pacific Partnership is going to be officially released on Wednesday.

The fresh deal actually changes nothing in the area of market access, which was agreed on by the original 12 participants, but it had the number of rule-related frozen items minimized.

Umemoto added he relishes a thought that during the first half of next year the TPP 11 is going to become effective enough after at least six participants finish their domestic procedures.


USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera