Japan's Prime Minister will discuss a possible free trade pact with the European Union even as a planned summit in Tokyo to launch the negotiations gets postponed because of the financial crisis in Cyprus, The Associated Press reports.

Chief government spokesman Yoshihide Suga said Monday, March 25, Prime Minister Shinzo Abe will talk by phone with European Council President Herman Van Rompuy about the negotiations as well as about Cyprus late Monday.

His visit to Tokyo was canceled over the weekend. Cyprus later secured an agreement that paves the way for a 10 billion euro ($13 billion) bailout.

European Trade Commissioner Karel De Gucht is in Tokyo and meeting with Japanese government and business officials as scheduled.

Earlier this month, Japan said it will join talks on a Pacific trade pact, the U.S.-led Trans-Pacific Partnership.