Despite talks between Prime Minister Shinzo Abe and U.S. President Barack Obama in Tokyo on April 24 to iron out differences on the projected Trans-Pacific Partnership (TPP) free trade scheme, a subsequent joint statement went no further than saying that "we have identified a path forward on important bilateral TPP issues."
The Japanese and U.S. governments had high hopes for the TPP to provide opportunities to grow their economies and expand employment opportunities.
Now, however, it has become more of a burden for fear of potential damage that would be incurred by both Tokyo and Washington because of the difficulties in the talks on the scheme.
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