Japan more than quadruples TPP economic boost estimate - Nikkei

A woman counts Japanese 10,000 yen notes in Tokyo, in this February 28, 2013. REUTERS/Shohei Miyano

TOKYO (Reuters) - Japan's government has estimated the Trans-Pacific Partnership (TPP) will boost the economy by 14 trillion yen (77.56 billion pounds) or about 3 percentage points, over four times more than its initial calculation, the Nikkei business daily said on Tuesday.

In March 2013, the Cabinet Office said joining the TPP would boost gross domestic product by 3.2 trillion yen or 0.66 percentage point based on the assumption that all tariffs would be scrapped immediately after enactment.