China's mammoth manufacturing sector plagued by chronic overcapacity and plunging demand.
John Key's government says various tariff reductions under the trade pact will result in the addition of $2.7 billion to the country's GDP.
Another poll shows services sector has become increasingly pessimistic about short-term business prospects.
BoJ says will 'cut the interest rate further into negative territory if judged as necessary'.
Flying times will be approximately 15 hours, 30 minutes eastbound and 16 hours, 20 minutes westbound.
The trade pact aims at radically liberalizing trade between 12 Pacific rim countries.
Elsewhere in Asia, China recorded 5.8 percent growth for full-year 2015 while Vietnam expanded 6.7 percent.
Singapore expects the growth in local workforce numbers will remain muted for the next five years.
Business body urges government to offer more financing and infrastructure support in the budget.
More tolerance to migrants and employee empowerment opportunities needed, survey says.
Brent crude drops 1.3 percent to $30 a barrel
Data also shows electronics cluster output fell 12.4% in December 2015.
The cost for accommodation in Singapore dropped 3 percent in December.
Rentals of private residential properties have also fallen on a similar scale,
China would need far greater funds to restructure the coal sector efficiently.