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Trump and Abe meet at the G20 Summit in Hamburg. Photo: Kyodo News via Getty Images

If President Trump decides to re-enter the Trans-Pacific Partnership, Japan, the biggest economic player in the deal, would welcome him with open arms, a top Japanese diplomat told Axios on Wednesday, before Trump directed his top advisers to take a fresh look at the deal.

"We would welcome the U.S. anytime back to TPP."
— A Japanese diplomat

The backdrop: Japan views the TPP as its greatest weapon against China's growing influence, and the U.S.'s exit from the deal weakened its clout as a counter-coalition to Beijing.

Timing: Trump's decision to deputize his chief economic adviser Larry Kudlow and his top trade negotiator Robert Lighthizer to reconsider TPP comes right before he is scheduled to host Japanese Prime Minister Shinzo Abe in Mar-a-Lago on April 17th and 18th.

Go deeper

The billionaire balloon

Data: World Inequality Report 2022; Chart: Axios Visuals

The super-rich are getting stupid rich: New data out today shows the share of global wealth held by the richest slice of humanity swelled by almost a full percentage point during the pandemic.

Driving the news: The top 0.01% of individuals now hold about 11% of the world's wealth, compared to just over 10% in 2020, according to the "World Inequality Report 2022," written by Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman.

1 hour ago - Science

Exploding demand for laboratory space

Illustration: Brendan Lynch/Axios

Office occupancy rates remain deflated across industries, but one type of workplace is in high demand: labs.

The big picture: A number of trends — in public health, American demographics and venture capital funding — are colliding to supercharge the life sciences industry.

Dan Primack, author of Pro Rata
1 hour ago - Technology

Trump's unconventional social media SPAC

Illustration: Sarah Grillo/Axios

Donald Trump's social media startup is under investigation by federal securities regulators, before it's even launched a product, and every new disclosure seems to invite new questions.

Why it matters: Trump Media & Technology Group was always bound to be controversial, but it's inviting extra scrutiny by keeping basic details secret and making wild promises.