Japan and Turkey have agreed to launch a joint study on concluding an Economic Partnership Agreement ("EPA") between the two countries. The agreement was announced on July 19, 2012 in MOFA press release.
The joint study, which will involve the public and private sectors as well as academics, will look at a possible economic alliance from various perspectives. It was expressed the support for the joint study to begin soon and the officials also agreed ministers from the two countries will meet regularly to discuss ways to expand trade and investment.
(Reference: http://www.mofa.go.jp/announce/announce/2012/7/0719_02.html )