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.