According to the joint announcement of METI and MOFA on June 8, 2012, the 16th round of negotiation of Japan-Australia bilateral EPA will take place on June 13 through 15 in Tokyo.
During the 3 days talks, the two countries will discuss issued relating to trade in goods and services, energy & natural resources, food & agriculture, and investment. Since April 2007, Japan and Australia have had 15 rounds of negotiations, but still the goal of the talk is unclear. The main reason is Japan's concern in agricultural area, less competitive than Australia.
(Reference: http://www.meti.go.jp/press/2012/06/20120608003/20120608003.pdf )