Executives' Comments  Press Conferences   Chairman Yonekura's comments at his Press Conference

February 13, 2012

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.

GDP in the Fourth Quarter

The figure reflects the real status of the Japanese economy. A variety of factors such as the European sovereign debt crisis, the slowdown of world economy, historic strong yen and the catastrophic floods in Thailand affected the economy. While private spending was robust, public investment declined by 2.5% compared with the previous quarter. We expect the prompt establishment of the Reconstruction Agency and increase of the public investment will increase to accommodate the strong demand for the post-quake reconstruction.

Management of TEPCO

It hardly seems correct that the government is involved in the management of a private company. Though it depends on the amount of the capital injection, utilization of class shares also might be possible. In any case, it is most important to restore TEPCO to a normal company at the earliest stage possible to ensure a stable power supply.

Liaison Office in China

Commemorating 40th anniversary of restoration of diplomatic relations between Japan and China, we are preparing to open an office in Beijing for even closer relationship. As the liaison with the Chinese government and the business sector, the office will promote anniversary projects and human exchange programs.