Japan's Lower House passes TPP bill

Livesquawk reports latest headlines published by Reuters that Japan's Lower House passes trans-pacific partnership (TPP) bill in the last hour.

TPP in a nutshell - BBC

It involves 12 countries: the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.

The pact aims to deepen economic ties between these nations, slashing tariffs and fostering trade to boost growth.

Member countries are also hoping to foster a closer relationship on economic policies and regulation.

The agreement could create a new single market something like that of the EU.