Chairman Okuda's Press Conference

February 7, 2005

Following is the gist of remarks made by Mr. Hiroshi Okuda, Chairman, Nippon Keidanren, at a press conference after monthly-scheduled Chairman and Vice Chairmen's meeting on February 7, 2005. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered.

(On tenure as Keidanren Chairman)

I decided to stay as the chairman of Keidanren for another year (- May 2006). I would like to find resolve to all outstanding issues during my tenure.

(On G7)

In today's globalized world, close policy consultation among world leading countries are essential. It is especially noteworthy that G7 leaders discussed on poverty and other side-effects of the globalization. Meeting with BRICs was an important part of this round's meeting.

(On fixing nuclear reactor "Monju")

Nuclear energy is an important part of Japan's effort to reduce carbon dioxide emission. Decision by Fukui Prefecture Governor is worth applause. In fixing and reactivating "Monju" a thorough safety precaution is necessary.

(On spring labor negotiations)

Companies are more willing to reward based on individual corporate performance. Japan Trade Union Confederation (Rengo) adjusted well and I applaud their efforts. Workers of most typical companies will find their salary going up in pursuit of one's predecessor.


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