It is true that the Japanese economic recovery has slowed down, but positive signs are visible. Companies have made capital investment without a break. Labor market has been expanding. Consumer spending is getting back its vigor. The Japanese economy will quicken the pace of recovery in the latter part of this year. The annual growth rate 2% or nearly 3% is within range.
The interest rate difference between domestic and overseas market has been making the yen weaker and weaker. The Japanese economy, however, shows no definite sign to give the BOJ a reason to raise interest rate immediately.
Pending key issues such as reform of the current prosecution-judgment framework monopolized by the Free Trade Commission and review of surcharges on the antimonopoly law violation should be discussed as top priority. Sticking to our basic stance on these matters, Keidanren will keep on working on parties concerned to make our voice heard.