Executives' Comments Press Conferences Chairman Yonekura's comments at his Press Conference
January 7, 2014
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.
Outlook for the Japanese economy in 2014
The Japanese economy will steadily grow. It is expected that a last-minute surge in demand will come during the January-March period ahead of the scheduled consumption tax hike. It will probably be followed by a backlash and it is necessary to pay most attention to the impact of the declining trend. However, a 5.5 trillion yen stimulus package, "economic measures towards a positive cycle of the economy" will prop up business and soften a blow of the spring tax raise.
Overall, the economy is expected to continue a self-sustained recovery mainly through domestic demand supported by steady consumption.