RCEP was approved by the Japanese Diet. What impact will this move have on the Asia-Pacific and even the world economy?

 Immediately for Japan, real GDP growth of at least 2.7% and the creation of 570,000 direct jobs. Approval is nothing more than bowing to the voices of opposition, expressing helplessness under economic pressure; if it is not approved,the Japanese government will have to take all responsibility for the Japanese economy. Therefore, the Japanese netizens were wailing, and the Japanese government still pushed forward with all-out efforts. RCEP to Japan,it means 15 countries, 2.2 billion people, $26 trillion GDP. There is one third in the world, and this is RCEP! It requires China, Japan and South Korea for production capacity, East Asia plus Southeast Asia for the market, and the Philippines, Indonesia, and Australia for raw materials (I know it's annoying, but she really steps on our ship), which is an economic circle that can actually be highly recirculated. Of course, the most important thing is that this is the first time that China, Japan and South Korea have formed a relatively unified common market. Although it is very confusing, although RCEP is nominally initiated by ASEAN, stripping away the layers of modifiers, RCEP is a China-Japan-Korea industrial alliance initiated by China. 

The gradual elimination of tariffs on at least 90% of goods among participating countries within 20 years, and the establishment of unified trade, e-commerce, and intellectual property rules, is a huge stimulus to international trade. Various think tanks have roughly estimated that RCEP can bring more than 200 billion US dollars of new transactions to the world at least every year, and this number will soar to 500 billion US dollars by 2030. The national GDP of the entire RCEP region will soar to $100 trillion by 2050. Needless to say, the deep industrial integration of China, Japan and South Korea will also be firmly bound to Southeast Asia: it is estimated that in 30 years, the trade between Southeast Asia and RCEP countries will increase by 500 billion US dollars, mainly China, Japan and South Korea; trade with foreign countries will decline. 50 billion US dollars, mainly US imperialists and India. Southeast Asia is the crossroads of the Asia-Pacific region, and it is also the largest raw material origin and market within the coverage of China's firepower. 

Using RCEP to integrate Japan and South Korea in industry and dominate Southeast Asia economically is not only one of the pillars of China's prosperity in the next three decades, but also a cornerstone of China's security. However, the above calculations are based on the premise that there is no war. Therefore even if you only think about making money, you will be anti-American, because the military confrontation will return to Asia sooner or later, to put it bluntly, will not let you do business properly. The military confrontation and financial harvest, especially the money that Biden printed this year, you can't imagine to count the trillions of dollars. These hot money will definitely start pouring into Southeast Asia this year, but I don't know when or how to withdraw it, let alone the cost of withdrawal. Afraid of going back to year of 1997. So China 's economy (and indeed Japan and South Korea as well) is accelerating, inducing rapid economic integration between Southeast Asia and China, Japan and South Korea. The faster the integration speed, the more difficult it will be for Asia to tolerate the military confrontation between the US and the imperialists. When the US knife is periodically harvested, the capital replenishment efficiency of China, Japan and South Korea can also be higher. This has nothing to do with whether China, Japan and South Korea are "close" to each other, and has nothing to do with "national sentiment".

It is just out of the most rational consideration of the manufacturing country: there should be no collapse of the external consumer market, at least one piece should be held, otherwise there will be excess production capacity and it will devour itself. The voice above is loud, but in fact, the most troublesome thing in the third volume of East Asia is its own market shortage and aging. It is the global division of labor system that is forcing China, Japan and South Korea to cooperate. In conclusion, for better or worse, RCEP is a new beginning.