TOE Alert: Wyden-Hatch Cosponsor TPA without Any Increase in Congress' Ability to Withdraw all or Parts of It
In this report, Richard explains why Wyden-Hatch deal on TPA increases the likelihood that TPA can pass the House.
April may be the “do or die” month for the Trans-Pacific Partnership (TPP) free trade agreement (FTA). Two hurdles come in April, and failure to clear either one could doom TPP to become another Doha Round, i.e., trade negotiations that turn into a gabfest that goes on forever but is never concluded.
In this part 2 of the report, Richard argues that rather than rush to judgment about the impact of this spring’s wage negotiations on nominal and real wage growth based on the headlines from a few big firms like Toyota, we should wait until we get the actual numbers on wages for April and a few months thereafter.
The stock monitor in Prime Minister Shinzo Abe’s office is just one of the indicators of the degree to which he sees rising stock prices as pivotal to approval ratings. In the past, he has used “jawboning” to try to raise stock prices. Now, he is using the money of Japan’s retirees and soon-to-be retirees.