The future of the Trans-Pacific Partnership trade agreement looks murky in the U.S., but in Japan they're already shaping new policies to cope with the pact's effects.
In Washington, Congressional leaders have warned President Barack Obama not to submit TPP for ratification until after November's elections. Even then there's no guarantee Congress will buy the deal.
In Tokyo things are different. The Japanese government is using the TPP as a wedge to jam through economic reforms that powerful interest groups have long blocked. According to DTN's Japan correspondent, Richard Smith, the reforms include a new agriculture policy.
With tariffs falling ...