Japanese companies wary of TPP trade pact amid competition fears

Indeed, about half of Japanese firms in the survey worry a trade deal would bring about fierce competition with products and services from overseas, while a quarter are concerned about the loss of consumer information and intellectual property.

In other words, they will no longer be able to operate in a protected domestic economy, and actually have to face real competition.

face real competition. something that Japan has rarely seen and is long overdue

It might not be good for some businesses, but competition means cheaper products, which will be good for the Japanese people, and might finally break systemic deflation.

Indeed, about half of Japanese firms in the survey worry a trade deal would bring about fierce competition with products and services from overseas

The ownership of these companies should then pack it up. Competition brings not only better prices, but, innovation. Then there's the potential for more jobs being created.

Much needed jolt out of complacency. Good luck!

Joining TPP is like joining AIIB. Stay away from the both.