The NPB held an executive committee meeting in Tokyo on Monday and decided that they will contact the MLB with hopes to resume talks on the new posting system agreement.
During the meeting, the person in charge of negotiations with the MLB provided the committee with an explanation of what happened over the course of the last few weeks. The NPB is interested in resuming discussions with the MLB. As they understand it, the MLB is working on a new proposal that could take several weeks to create.
The MLB and NPB were close to finalizing a new posting agreement when the Japan Professional Baseball Players Association (JPBPA) made it know that they were unhappy with the new rules because it offered little to both the players and teams. After discussions between the respective groups in Japan took place, the players association halfheartedly accepted the terms over a limited period of two years. Shortly thereafter, the MLB announced they were taking the deal off the table because the NPB was taking too long to make a decision and the "shifting winds" (dissent among small-market teams) were growing too strong.
Source: Nikkan Sports 11/18/2013