Japan has not narrowed trade differences with U.S., negotiator says

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Acting Deputy U.S. Trade Representative Cutler shakes hands with Japan's deputy chief negotiator Oe ahead of their meeting for the TPP free trade negotiation, at the Foreign Ministry in TokyoBy Stanley White TOKYO (Reuters) – Japanese officials said on Tuesday there was still a significant way to go before reaching a broad agreement on trade with the United States, a day before President Barack Obama visits for a summit. A U.S.-Japan agreement is critical to the U.S.-led Trans-Pacific Partnership (TPP), a 12-nation grouping that would stretch from Asia to Latin America. A TPP deal is central to Obama’s policy of expanding the U.S. presence in Asia. Japanese Prime Minister Shinzo Abe has also touted the TPP as a main element of his economic strategy to increase growth and shake off years of stagnation.

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