USEUROPEAFRICAASIA 中文双语Français
Home / World

Onus on Japan to boost regional trade

By Xu Changwen | China Daily | Updated: 2014-12-24 07:53

A special session of the Japanese Diet, or the national legislature, is likely to be held on Dec 24 to choose a new prime minister, and if re-elected to the post, Shinzo Abe needs to change his provocative military and foreign policies in order to revive Japan's sagging economy. This is important because without closer cooperation with China and the Republic of Korea, he cannot achieve the goal.

An official survey in Japan showed Japanese people's antipathy toward China and the ROK has reached record levels, which is not conducive to the revival of the country's economy. Therefore, Japanese politicians have to take concrete measures to change Japanese people's wrong perceptions about neighboring countries, and they could start by promoting trade talks.

According to a Japanese think tank report issued a few years ago, the establishment of a free trade area (FTA) with China would help Japan's GDP grow by 0.68 percent, much more than the additional growth FTAs with other countries could spur. For example, the report said, the US-Japan FTA could only push up the Japanese economy by only 0.35 percent while the Trans-Pacific Partnership will add 0.54 percent growth.

Onus on Japan to boost regional trade

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US