(From Reuters)

Japan’s government has estimated the Trans-Pacific Partnership (TPP) will boost the economy by 14 trillion yen ($115.5 billion) or about 3 percentage points, over four times more than its initial calculation, the Nikkei business daily said on Tuesday.

Honda cars awaiting export in Yokohama
Honda cars awaiting export in Yokohama

In March 2013, the Cabinet Office said joining the TPP would boost gross domestic product by 3.2 trillion yen or 0.66 percentage point based on the assumption that all tariffs would be scrapped immediately after enactment.

The new estimate included the impact of elements such as common investment rules and easing regulation, the Nikkei reported. Read more

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