Four years after the Great East Japan Earthquake, Japan's energy situation remains a key point of concern. As we strive to ensure a bright future for Japan, it is more important than ever that we hold thorough and on-going discussions on energy policy, including the impact of rising energy costs on industry and citizens, international efforts to combat global warming, and the consequences on our advanced standard of living.

The course of action we develop should be based on an energy mix that will strike the appropriate balance among energy security, economic efficiency, and the environment. As a key base load power source for Japan, nuclear energy was to represent approximately 25% of all power generated. Given this, we must continue to use nuclear power for the while, provided that we do everything possible to ensure its safety. In addition, the Japanese Government should assume responsibility for disclosing all pertinent energy related information to the public, including accurate risk assessments. It is only through meaningful dialogue and clear communication that we will be able to make the right decisions.

Over the medium to long term, we must remain focused on new avenues of growth for Japan. Through advances and innovations across a wide range of scientific and technological fields, we must promote the development and commercialization of renewable energy. We must also promote research and development in areas such as energy conservation, energy creation, and energy storage in order to achieve efficient energy use. Finally, we must develop an environment for consumers to promote the incorporation of these technologies into our everyday lives.

Other pressing issues to consider include the development of an international power grid including East Asia and frequency standardization.

In consideration of nuclear energy technologies, Japan as a technological leader must carry out nationwide R&D activities and human resource development efforts based on international cooperation in order to achieve goals such as effective accident response, reactor decommissioning, an improved nuclear fuel cycle, final processing of radioactive waste, and continuous safety improvements for the next-generation reactors.

In conclusion, to ensure a prosperous future for Japan, we must intensify our energy discussions. Our discussions need to involve not only the Japanese Government, but industry, universities, and each and every citizen. As part of this process, I believe the government must present the domestic and international community alike with a persuasive and practical roadmap that will guide Japan toward sustainable economic growth and lift the nation's status within the international community.