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&＃x65E5;&＃x672C;&＃x8A9E; (Japanese) Top About Keidanren Policy Proposals Publications Executives' Comments Top Executives&＃039; Comments Press Conferences Chairman Yonekura&＃039;s comments at his Press Conference Executives&＃039; Comments  Press Conferences Chairman Yonekura&＃039;s comments at his Press Conference May 13, 2013 Following is the gist of remarks made by Chairman Yonekura at his Press Conference. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered. Depreciation of the yen The latest data proves that the US labor market continues to improve. A lot of American companies currently enjoy better performance. It has accelerated a trend of dollar-buying and yen-selling without doubt. Back in Japan, It is against domestic demand-oriented industries which import raw materials and fuels in large quantity. On the other hand, manufacturing companies which process imported materials and export value-added goods have been increasing profits with help of increasing export competitiveness, a product of weakening yen. Business hates uncertainty. No one can deny that wild fluctuations in the exchange rate have negative impact on corporate management. It is extremely important to pay attention to stability in the market rather than move in currencies. It is true that the recent stock market price rise supports business picking up, but it is not the end of the story. It is necessary for the government to implement necessary policies so that people can feel improvements in the real economy. More precisely, PM Abe needs to release his third arrow economic policy: a growth strategy and put it into action immediately. Otherwise, signs of economic recovery visible on a boarder front will not develop into a sustainable growth of the Japanese economy. Visit to the Middle East The second visit to the Middle East with PM Abe produced fruit. The Japan-Saudi Arabia investment agreement was made. A joint statement on the strengthening of the comprehensive partnership between Japan and Saudi Arabia was released. The convention between Japan and the United Arab Emirates (UAE) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was concluded. The agreement between the governments of Japan and the UAE for cooperation in the peaceful uses of nuclear energy was signed. The agreement between Japan and Turkey for cooperation in the use of nuclear energy for peaceful purposes was also signed. During our stay in Ankara、the Japan-Turkey Joint Economic Committee Meeting took place. An economic partnership agreement (EPA) between Japan and Turkey was a center of discussion. The business community of the two countries reconfirmed the importance of an early conclusion of the EPA, hoping the both governments will work harder towards the goal. Executives&＃039; Comments Executives&＃039; Comments Comment by Chairman Press Conferences Speech by Chairman Archives 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Pagetop Top About Keidanren About KEIDANREN Chairman's Message Officers of KEIDANREN Committee Chairs Secretariat Related Organizations Access Policy Proposals Comprehensive Strategy Environment and Energy Economic Policy, Social Security CSR, Education, DEI Business Law Labor Policy Industrial Policy Trade, Investment, EPA/FTA Urban and Local Development International Cooperation Industrial Technology Regional Affairs Executives' Comments Comment by Chairman Press Conferences Speech by Chairman Publications Contact us Links View: PC | Smartphone Copyright © 1995-2024. Keidanren. All Rights Reserved.