Takeo Hoshi on Japan Joining the Trans-Pacific Partnership
IMF's Lipton: Expanding Trade, Start-Ups Wld Spur Japan Econ
09/26/2012
Charity Yodis ,
Market News International
Expanding overseas trade and reforming policies to encourage creating start-up businesses would spur faster growth in Japan, a senior International Monetary Fund official said Wednesday.
IMF First Deputy Managing Director David Lipton said Japan would benefit by joining the fast-growing Asia region's free-trade agreement.
"In particular, participation in the Trans-Pacific Partnership or economic partnership agreements would further strengthen ties within Asia and raise both inward and outward FDI," Lipton said in a speech prepared for delivery to an IMF conference on Japan.
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Takeo Hoshi is the Pacific Economic Cooperation Professor in international economic relations at IR/PS, and a research associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER). His major research area is the study of the financial aspects of the Japanese economy, especially corporate finance and governance.
