Following is the gist of remarks made by Hiroshi Okuda, Chairman, Nippon-Keidanren at a scheduled press conference on 22 December 2003. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered.
(On term of office of Chairman)
As my first term of office will expire at May 2004 annual general meeting, I consulted with my predecessors and current Vice Chairmen, and decided that if membership would allow me to continue, I shall remain in office for another two-year term to resolve mounting problems Japan faces.
(Looking back at the year 2003)
Nippon Keidanren announced "New Vision," its long-term policy goals, on January 1 and worked hard in arriving at the goals. Nippon Keidanren will continue to pursue them in 2004 and onward. Remaining on the list of agenda include welfare system reform, promotion of FTAs, and resolving fiscal problems.
(On 2004 economic outlook)
I foresee 1% to 2% real growth during the course of 2004. Domestic demand should be sound, at least during the first half of 2004. The economy must grow steadily unless risks including Iraq issue and overseas market conditions including the U. S., China, and Southeast Asia would hinder it.
(On privatization of Japan Highway Public Corporation)
I still have to look closely on the announced framework, but I see positive signs as the report contains contents of Promotion Committee for Four Highway-related Public Corporation into account.
(On welfare reform)
The announced upper limit of 18.35% for pension premium is not acceptable for the business community. However, it could be altered during the next round of thorough overhaul when medical insurance and long-term care insurance will also be discussed during next several years.