have agreed to continue talks based on mutual consideration. >> the tpp is seen as a step toward achieving economically liberalized trade in the asia pacific region. meanwhile, in tokyo, japan's new agriculture minister says the government needs to provide the public with more detailed explanations before deciding to take part in tpp negotiations. >> translator: sufficient information has not yet been disclosed. i think the government needs to create more national discussion. >> we are seeing a bit of a rebound on tokyo stock markets this morning. i'll leave you with a check on those numbers. >>> delegates from the international atomic energy agcy will resume talks friday witheprentates of iran. the head of the nuclear watchdog says he hopes to restart an investigation of the country's suspected weapons program. aiea director general yukio amano spoke at the agency's board meeting in vienna. >> i wish to inform the board that a meeting between iran and the agency has been scheduled for june 8th in vienna. i invite iran to sign and implement t document a soon as possible and to provide earl

it's called the trans pacific partnership or tpp.hapter from the draft agreement leaked wednesday outlines how it would allow foreign corporations operating in the u.s. to appeal key regulations to an international tribunal. the body would have the power to override u.s. law and in -- an issue penalties for failure to comply with its ruling. the agreement is being negotiated by u.s. trade representative ron kirk, appointed by president obama. but the newly revealed terms contradict promises obama made while running for president in 2008. when campaign document read in part -- >> earlier leaks from the draft trans pacific purchase agreement exposed how it included rules that could increase the cost of medication and make participating countries adopt restrictive copyright measures. no one from the office was able to join this but in a statement they said -- for more we're joined by lori wallach, director of the public citizen's global trade watch. the leaked documents were posted on her organization's website early wednesday morning.

they are divided over the tpp. business people want early participation in the negotiations while agriculture groups are against. >>> japanese prime minister noda used the summit to talk about his tax reform strategy. his plenl to raise the consumption tax is included in the country's action plan. g-20 leaders worked out a framework that details the issues each country needs to address. the the japanese government hit a debt reduction plan. it involves raising the tax to 8% in april 2014. currently, the tax is set at 5%. the rate will then be raised to 10% in october 2015. noda expressed his resolve on monday at the start of the summit to enact a series of bills for social security and tax reform. >>> japan's trade balance in may showed a deficit for a third straight month. increasing fuel imports are the main cause of the country's nuclear power plant set idle. the finance ministry said in its preliminary report that japan's trade deficit exceeded $11 billion last month. exports rose 10% from a year earlier and ye

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reached an agreement after it was announced just before the summit began that mexico would join the tpp talks. noda had a brief conversation with european counselor president and they said they would continue to work together for setting up a free trade agreement between japan and the european union. >>> microsoft unveiled its version of the popular format it take on apple's dominance in the field. microsoft introduced the surface tablet on monday in los angeles. the software giant he new product will come loaded with windows 8 operating system. its cover features a keyboard on the inside flap. the company plans to reduce its dependence on operating software. it is shifting from traditional computers to mobile devices. microsoft says it'll launch a new family of computer-related products in the near future. >>> a full scale investigation is launched into toyota vehicles. it is feared the cars may catch fire due to an electrical fault near a power bin dough switch. officials at highway traffic safety administration say they're targeting over 1.4 million cars. affected models are camry, c

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speak you haven't focused on tpp? >> speaking of acronyms the president regularly bashes congress. they're going to hold his attorney general in contempt. things aren't going so well. why bother with the congressional picnic clacks. >> it's a great american tradition and the president looks forward to it, as do i. look, i think there are six different kinds of barbecue. [laughter] i am told. >> what else is their? >> there? >> i'll give you an after action report. >> thanks j.. >> for the first time since 1990 the united states will host next month d.c. the international aids conference. until the president was invited to speak at this event but he hasn't yet confirmed if he will make an appearance. >> i appreciate the question but i don't have an update on the scheduling update for you. >> the presidents president's fy13 budget request or 13% from the president's emergency plan for aids relief or pepfar. is a hesitation to accept the invitation over a concern that the president may not the well received in the efforts to address the global aids epidemic? >> again, you're connectin

so this is the trans pacific partnership, tpp. i guess for most americans the way to think about it would be something like nafta the north american free-trade agreement which everyone remembers which was a really bad thing. >> bill: exactly. >> nafta on steroids for the world. so the trans pacific partnership is between the u.s. and nine other countries. malaysia vietnam australia peru chile australia new zealand and brunei. it is something bush started in 2008. obama said he would never do these dreadful job-killing sovereignty-crushing unsafe import flooding agreements like nafta. when he first got elected they stopped the negotiations. worryingly, a year later suddenly the u.s. was back in. for the last three years in total, closed door negotiations, no public, no press and no congress, they've been putting together what is a 26 chapter megaagreement which may be the last negotiation they'll do because they want to finish this and then every other can join. a month ago, the leader negotiator said we would love to have china in

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