After initiating an Economic Partnership Agreement (EPA) between the two blocs on December 2012, the European Union and Japan succeed on completing negotiations in July 2017 with soles purpose to increase productivity of goods and services between them, while reducing taxes related to borders; helping define the rules of international trade in accordance with our high standards and common values; and sending a strong signal that two of the world's largest economies are rejecting protectionism. Even if Japanese and European companies manage to export each of their more than 9,354 trillion euros in common, they still face obstacles, making it difficult to be competitive, which allows to initiate another Strategic Partnership Agreement (SPA), a legally binding pact covering not only political dialogue and policy cooperation, but also cooperation on regional and global challenges, including environment and climate change, development policy and disaster relief, and security policy. The purpose of the following paper is to analyse this new agreement by updating an overview of the European and Japanese business systems framework. Business systems theory has been seen as a comparative analysis of hierarchical-market relations arrangements that become institutionalized in societies, combining preferences of particular activities and capabilities to coordinate economic activities and resources authoritatively by firms on the field (Whitley, 1992, 2008). The objective of this research is, via a litterature review, to give insights and expectations for a potential success on this new Free Trade Agreement (FTA), whether on macro level, meso level but also on the micro level.