Japanese PM Abe speaking in Manila 14 Nov
- want to bring TPP 11 into effect asap
- Japanese business delegation to head to China next week
- not at all concerned about US commitment to the region
Trump was quick to jettison TPP involvement but it’s still a deal of note in theory when completed.
TPP-11 now covers about 14% of the world by GDP, namely Brunei, Japan, Malaysia, Singapore and Vietnam in Asia; Australia and New Zealand in Oceania; and Canada, Chile, Mexico and Peru in the Americas.
Reuters has more background story here
Meanwhile USDJPY drifting back further on general USD supply.