Japan–Australia Economic Partnership Agreement Japan–Australia Economic Partnership Agreement The Japan–Australia Economic Partnership Agreement was concluded between Australia and Japan in November 2014 and took effect January 15, 2015. Australia's negotiations for an agreement with Japan began under the Howard Government in 2007. In April 2014, Australia's Prime Minister Tony Abbott led a trade delegation to Japan, South Korea and China. The three economies accounted for more than half of all of Australia's two-way trade. On the Japanese leg, Abbott was received by Emperor Akihito and, secured the key elements of a free trade agreement with the government of Shinzo Abe. A number of concessions
Shinzō Abe Koizumi. He took some steps toward balancing the Japanese budget, such as appointing a tax policy expert, Kōji Omi, as Minister of Finance. Omi previously supported increases in the national consumption tax, although Abe distanced himself from this policy and sought to achieve much of his budget balancing through spending cuts. Since 1997, as the bureau chief of "Institute of Junior Assembly Members Who Think About the Outlook of Japan and History Education", Abe supported the controversial Japanese Society for History Textbook Reform and the "New History Textbook". In March 2007, Abe along with right-wing politicians have proposed a bill