Following is the gist of remarks made by Hiroshi Okuda, Chairman, Nippon-Keidanren at a scheduled press conference on 22 April 2003. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered.
(On relationship between Prime Minister Koizumi and Okuda and evaluation on Koizumi)
Newspapers are speculating on the rumor that my relationship with Prime Minister Koizumi has recently been deteriorated, but that is not true. I am seeing him as usual, and he has been doing so, too. Recently I saw the leaflet detailing what Koizumi has done during the last two years, and I sympathize with him on how difficult it has been in implementing economic policies considering the trend of global deflation during the last two years. Considering all that, we should endure the economic pains while we can.
(On declining stock prices)
The stock prices have gone up and down in recent days with gradual declining trend recently. The Council on Economic and Fiscal Policy is expected in early May to review the private sector proposals to revive securities market. We should also study the reason why stock price level has come down, in seeking ways to revive the market.
(On the effect of SARS)
It is fortunate that direct impact on Japanese economy has been limited so far. Regarding planned visit in May, we are still watching the situation to develop. Our decision is expected by end of this week.
(Over the Designated Special Restructuring Promotion Zone (terminology not yet final))
It is appreciated to see the government in designating 57 Zones out of 129 applications. However, I find variations in the degree of progress -- agriculture and medical sectors among others remain far behind. The government must do better job in designating the second lot of Zones in May.
(Regarding proposed retrofitting of accounting changes)
Businesses have all adopted the new accounting method and just filed their fiscal 2002 accounts. Moving backward will cause turmoil, loss of international credibility, etc., so I am opposed of that.
(On sharing the cost of War on Iraq)
Japan must bear something, but how much must be carefully decided.