This report provides an overview of Trans-Pacific Partnership (TPP) and discusses Japans negotiations of becoming a member of this organization. The report discusses U.S.-Japan economic ties, overall U.S. objectives, Japan's objectives, Japanese politics and the TPP, possible outcomes and consequences.

This report discusses issues regarding U.S.-Japan economic relations, since the economic condition of each nation can affect the world economy and a U.S.-Japan bilateral economic relationship could influence economic conditions in other countries. U.S. and Japanese leaders have several options on how to manage their relationship, including stronger reliance on the World Trade Organization; special bilateral negotiating frameworks and agreements; or a free trade agreement.